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 rally slowed as risk appetite improved
  • Optimism around a potential US/China trade deal fuelled a strong rally in equities and oil
  • GBP remains pressured as UK approaches the April 12 deadline, though further extension or even Brexit being cancelled, looks likely

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

  1. Wednesday, April 10 – EUR ECB Rate Decision, 1445
  2. Wednesday, April 10 – USD CPI, 1530
  3. Wednesday, April 10 – USD FOMC Meeting Minutes, 2100
  4. Thursday, April 11 – CNY CPI, 0430
  5. Friday April, 12 – USD U of Michigan Sentiment 1700

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 75%
Short: 25%
Change w/w: -16%
Signal: Bullish

 

AUDUSD

Long: 49%
Short: 51%
Change w/w: -13%
Signal: Bearish

 

GBPUSD

Long: 76%
Short: 24%
Change w/w: +19%
Signal: Bullish

 

USDJPY

Long: 3%
Short: 97%
Change w/w: -3%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD continues to hug the 1.1217 support within the broader bearish channel which suggests a move to 1.1118 next. Bulls need a pop above 1.1420 to negate near term bearishness.

Support: 1.1118

Resistance: 1.1420

XAUUSD
t

Gold prices remain 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 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 testing the 111.76 level resistance which, if broken, will bring the bearish trend line from 2018 highs into focus with the 112.47 offering resistance also.

Support:109.86

Resistance: 111.76

GBPUSD
t

GBPUSD continues to trade along the bullish channel from 2018 lows. For now, price is rangebound between 1.30 and 1.33, having once again just found support at 1.30.

Support: 1.30

Resistance: 1.33

USOIL
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Oil prices blew through the March 2018 low of 61.89, which is now below market, and are currently challenging the 63.40 June 2018 low with more resistance overhead.

Support: 61.89

Resistance: 64.38

 

interesting indices

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

Dow Jones

omments from President Trump regarding the likelihood of a forthcoming US/China trade deal in the next four weeks has seen risk assets strongly higher.

RSI: 63.9989 Bullish
Stochastic: 90.7613 Bullish
MACD: 165.32 Buy
EMA* (30): 25819.2 Buy
EMA* (100): 25309.3 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Risk assets traded remain well supported as trade deal hopes outweigh the continuous rally in USD.

RSI: 68.4639 Bullish
Stochastic: 87.8967 Bullish
MACD: 115.59 Buy
EMA* (30): 7298 Buy
EMA* (100): 7060 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.