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 traded lower last week as better risk appetite saw USD safe haven outflows
  • Optimism around a potential US/China trade deal as well as relief over Brexit extension boosted equities
  • Oil prices remain firm on OPEC production cuts, though EIA outlook gives some cause for concern for bulls

The times mentioned above are in MT4 Time.

  1. Tuesday, April 16 – EUR Eurozone ZEW Survey, 1200
  2. Wednesday, April 17 – GBP CPI, 1130
  3. Wednesday, April 17 – CAD CPI, 1530
  4. Thursday, April 18 – AUD Unemployment Rate, 0430
  5. Thursday, April 18 – USD Retail Sales 1530

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 22%
Short: 78%
Change w/w: -53%
Signal: Bearish

 

AUDUSD

Long: 24%
Short: 76%
Change w/w: -25%
Signal: Bearish

 

GBPUSD

Long: 56%
Short: 44%
Change w/w: +20%
Signal: Bullish

 

USDJPY

Long: 3%
Short: 97%
Change w/w: 0%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD continues to rally off the 1.1217 support though remains below the bearish trend line from last year’s highs for now.

Support: 1.1217

Resistance: 1.1420

XAUUSD
t

Gold prices are trading back down toward the 1280.58 level after an earlier bounce. A break lower here will bring the much deeper 1241.81 support into play.

Support: 1280.58

Resistance: 1325.53

AUDUSD
t

AUDUSD has broken above the bearish trend line from 2018 highs, having found support once again at the .7021 level, though for now still capped by resistance at .72.

Support: 0.7021

Resistance: 0.72

USDJPY
t

USDJPY is now testing the 112.16 resistance level which was the March high, following a rally off 110.95 support.

Support: 110.95

Resistance: 112.16

GBPUSD
t

GBPUSD continues to be rangebound between 1.30 and 1.33 though pressure feels tilted toward the downside here.

Support: 1.30

Resistance: 1.33

USOIL
t

Despite piercing briefly above, Oil prices were capped by the 64.38 level last week. Any retracement to 61.89 should find support though, keeping focus on further upside.

Support: 61.89

Resistance: 64.38

 

interesting indices

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

Dow Jones

Ongoing optimism around a likely US/China trade deal as well as a softer tone to USD trading have kept risk appetite buoyant over recent sessions.

RSI: 59.3660 Bullish
Stochastic: 85.6869 Bullish
MACD: 334.62 Buy
EMA* (30): 25819.2 Buy
EMA* (100): 25309.3 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

A weaker US dollar kept equities well supported last week.

RSI: 68.8884 Bullish
Stochastic: 84.7639 Bullish
MACD: 147.68 Buy
EMA* (30): 7066.1 Buy
EMA* (100): 6595.5 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.