FXPRIMUS Weekly

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FXPRIMUS Weekly is your comprehensive technical and fundamental trading guide for the coming week! Access the latest news and in-depth technical indicator data, delivered by our market experts each and every week!

 

market movers

Events likely to influence the financial markets.

Last Week:

  • USD extended its post-FOMC recovery as BOE, ECB dovishness favoured USD
  • GBP remains mired in Brexit troubles as parliament fails to agree a deal, seeing Brexit deadline extended
  • Oil prices remained supported on a bullish EIA report and continued OPEC production cuts
  • US/China trade talks moving favourably, keeping risk sentiment buoyant

The times mentioned above are in GMT+3 (MT4 Time).

  1. Tuesday, April 2– USD Durable Goods, 1530
  2. Wednesday, April 3 – USD ISM Non-Manufacturing, 1700
  3. Friday, April 5 – USD Average Hourly Earnings, 1530
  4. Friday, April 5 – USD Non-Farm Payrolls, 1530
  5. Friday April 5 – CAD Unemployment Rate 1530

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 91%
Short: 9%
Change w/w: +24%
Signal: Bullish

 

AUDUSD

Long: 72%
Short: 28%
Change w/w: -4%
Signal: Bullish

 

GBPUSD

Long: 57%
Short: 43%
Change w/w: +19%
Signal: Bullish

 

USDJPY

Long: 6%
Short: 94%
Change w/w: -76%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD is now once again trading below the 1.1217 level after a failed breakdown last month. Below here, the 1.1118 level is the next support to watch.

Support: 1.1118

Resistance: 1.1420

XAUUSD
t

Gold prices are once again moving close to the 1280.58 support which has underpinned price action over the year so far. A break lower here will bring the much deeper 1241.81 support into play.

Support: 1280.58

Resistance: 1325.53

AUDUSD
t

AUDUSD price action over recent months reflects the lack of momentum in the market currently. For now, price continues to put pressure on the .7021 support, though with the level still holding, there is room for an upside squeeze at some point.

Support: 0.7021

Resistance: 0.7200

USDJPY
t

USDJPY is now moving back up toward the 111.76 level resistance which, if broken, will bring the bearish trend line from 2018 highs into focus.

Support:109.86

Resistance: 111.76

GBPUSD
t

GBPUSD continues to trade along the bullish trend line from 2018 lows. For now, price is rangebound between 1.30 and 1.33.

Support: 1.30

Resistance: 1.33

USOIL
t

Oil prices continue to forge higher ground, having now made their way back up to retest the broken March 2018 low of 61.89 which is holding as resistance for now.

Support: 58.07

Resistance: 64.38

 

interesting indices

Using technical indicators to give an in-depth look into Indices.

Dow Jones

A strong recovery in the US dollar last week knocked equities lower as policy divergence between the Fed and other G10 central banks keeps USD supported.

RSI: 63.4929 Bullish
Stochastic: 81.4000 Bullish
MACD: 124.26 Buy
EMA* (30): 25711.2 Buy
EMA* (100): 25077.3 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Risk assets traded remain well supported despite a stronger US Dollar as ongoing trade talks between US/China suggest a deal is likely in the coming months.

RSI: 66.1671 Bullish
Stochastic: 65.1092 Bullish
MACD: 97.63 Buy
EMA* (30): 7223 Buy
EMA* (100): 7029 Buy

* EMA => Exponential Moving Average

click to view charts
nasdaq

Any opinions, news, research, analyses, prices or other information contained here are provided as general market commentary and do not constitute investment advice. FXPRIMUS does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.