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 was higher on data surprises as expectations around a potential 2019 Fed rate hike grow
  • Equities were higher again last week though saw a lot less momentum
  • Oil prices were higher following a bullish EIA report, though upside was capped by record-high US crude production

The times mentioned above are in Server Time (MT4 Time).

  1. Wednesday, April 24 – AUD CPI, 0430
  2. Wednesday, April 24 – CAD BOC Rate Decision, 1700
  3. Wednesday, April 24 – JPY BOJ Rate Decision, 2300
  4. Thursday, April 25 – USD Durable Goods, 1530
  5. Friday, April 26 – USD Q1 GDP 1530

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 74%
Short: 26%
Change w/w: +52%
Signal: Bullish

 

AUDUSD

Long: 55%
Short: 45%
Change w/w: +31%
Signal: Bullish

 

GBPUSD

Long: 80%
Short: 20%
Change w/w: +20%
Signal: Bullish

 

USDJPY

Long: 5%
Short: 95%
Change w/w: -3%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD is still capped by the bearish trendline from September 2018 highs while the 1.1175 level provides support.

Support: 1.1175

Resistance: 1.1425

XAUUSD
t

Gold finally broke down through the 1280.58 level last week, which has since held a retest as resistance, keeping focus on further downside.

Support: 1243.12

Resistance: 1280.58

AUDUSD
t

AUDUSD has broken above the bearish trend line from 2018 highs, though for now as yet to close above the .71 level, following a test last week.

Support: 0.7021

Resistance: 0.72

USDJPY
t

USDJPY is once again challenging the 112.16 level resistance which, if broken, will put focus on a test of the bearish trend line next.

Support: 111.02

Resistance: 112.16

GBPUSD
t

GBPUSD is once again challenging support at the 1.30 level which has been tested several times over the last few months. A break here will put focus on a run down to 1.28 next.

Support: 1.30

Resistance: 1.33

USOIL
t

The 64.38 resistance level has put a stop to the oil rally for now though any retracement is likely to support into 60.47, keeping focus on further upside.

Support: 60.47

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 has kept risk appetite buoyant over recent sessions.

RSI: 60.8080 Bullish
Stochastic: 81.6355 Bullish
MACD: 379.3 Buy
EMA* (30): 25396.5 Buy
EMA* (100): 24031.5 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Despite a stronger USD, the Nasdaq remained well bid last week with price challenging the 7697 resistance level again.

RSI: 66.9447 Bullish
Stochastic: 90.9750 Bullish
MACD: 173.57 Buy
EMA* (30): 7106.6 Buy
EMA* (100): 6617.3 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.