Technically the preview of complex file types like DOC, DOCX, PPT, PPTX, XLS, XLSX is done using so-called "preview handlers". Preview handlers are Windows shell extensions that enable other applications to show a preview for complex files. It depends on your system which preview handlers are available. In the web you can find preview handlers for almost anything.
NirSoft’s ShellExView (http://www.nirsoft.net/utils/shexview.html) can tell you which preview handlers are installed for which file types on your system.
Also XYplorer itself can tell you which preview handler is assigned to a particular extension by running this script line through the XYplorer address bar:
text get("previewhandler", "xlsx"); //example for XLSX files