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:

  • Fed cut rates by .25% as expected though downplayed the prospect of further easing
  • BOE kept rates on hold but slashed growth forecasts citing Brexit risks
  • Trump announced fresh tariffs on China, stoking further trade war concerns
  1. Tuesday, August 6 – AUD RBA Rate Decision 0730
  2. Wednesday, August 7 – NZD RBNZ Rate Decision 0500
  3. Friday, August 9 – CNY CPI 0430
  4. Friday, August 9 – GBP GDP 1130
  5. Friday, August 9 – CAD Unemployment Rate 1530

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 71%
Short: 29%
Change w/w: -16%
Signal: Bullish

 

AUDUSD

Long: 96%
Short: 4%
Change w/w: +3%
Signal: Bullish

 

GBPUSD

Long: 85%
Short: 15%
Change w/w: +3%
Signal: Bullish

 

USDJPY

Long: 93%
Short: 7%
Change w/w: +72%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD found support at the 1.1027 level though the outlook remains very bearish near term.

Support: 1.1027

Resistance: 1.1217

XAUUSD
t

Gold has now broken above the 1433.48 level, putting focus on further upside in the near term with 1452.95 the next key level to break.

Support: 1433.48

Resistance: 1452.95

AUDUSD
t

AUDUSD collapsed last week, trading down to test the 2018 lows at .6761 which is holding as support for now. Bias remains bearish in the near term.

Support: .6761

Resistance: .6830

USDJPY
t

USDJPY has broken through some major levels on the recent decline, trading to fresh 2019 lows at 106.59. Next support isn’t until 105.55.

Support: 105.55

Resistance: 107.19

GBPUSD
t

GBPUSD tested the 1.2073 level last week, finding support at the supporting bearish trend line in the region. While below 1.2437 focus remains on further losses.

Support: 1.2073

Resistance: 1.2437

USOIL
t

Oil is fighting to stay above the 54.90 level though the near-term outlook is bearish. Next support is down at the 50.80 level.

Support: 50.80

Resistance: 57.74

 

interesting indices

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

Dow Jones

Equities have come under heavy pressure recently. The Fed downplayed the likelihood of further easing, which saw USD trading higher. Fresh trade tariffs announced by Trump last week have also fuelled a wave of risk aversion.

RSI: 39.3701 Bearish
Stochastic: 21.3981 Bearish
MACD: 44.74 Buy
EMA* (30): 26861.6 Sell
EMA* (100): 26311.6 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Reduced Fed easing expectations and heightened concerns over trade tensions between the US and China have seen equities trading heavily lower over recent sessions.

RSI: 45.7545 Bearish
Stochastic: 26.3412 Bearish
MACD: 33.48 Buy
EMA* (30): 7817.1 Sell
EMA* (100): 7581.2 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.