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 lower over the week, weighed on by trade war concerns a Fed easing expectations
  • Growing risk of a no deal Brexit is sending GBP lower
  • Equities recovered earlier losses as wave of central bank easing eased sentiment
  1. Monday, August 12 – USD CPI 1530
  2. Wednesday, August 14 – EUR Eurozone GDP 1200
  3. Wednesday August 14 – GBP CPI 1130
  4. Thursday August 15 – AUD Unemployment Rate 0430
  5. Friday, August 16 – USD U. of Michigan sentiment, 1700

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 25%
Short: 75%
Change w/w: -46%
Signal: Bearish

 

AUDUSD

Long: 90%
Short: 10%
Change w/w: -6%
Signal: Bullish

 

GBPUSD

Long: 86%
Short: 14%
Change w/w: +1%
Signal: Bullish

 

USDJPY

Long: 91%
Short: 8%
Change w/w: -2%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD traded fresh 2019 lows of 1.1027 before finding support and trading back up to retest the 1.1217 level, which holds as resistance for now.

Support: 1.1112

Resistance: 1.1217

XAUUSD
t

Gold has now broken firmly above the 1433.48 level putting focus on a test of the 1522.75 level next, which is a major long-term level in gold.

Support: 1433.48

Resistance: 1522.75

AUDUSD
t

AUDUSD pierced below the .6773 level to trade fresh lows last week before reversing higher, focus is on a test of the .6847 level next.

Support: .6763

Resistance: .6847

USDJPY
t

USDJPY has broken through some major levels on the recent decline and is very close to testing the 105.02 2019 lows next. Focus remains on further downside in the near term.

Support: 105.02

Resistance: 106.77

GBPUSD
t

GBPUSD broken down below the 1.2078 level last week, moving below the falling wedge pattern also. Next structural support isn’t down until 1.1418.

Support: 1.1418

Resistance: 1.2437

USOIL
t

Oil is fighting back off the recent 50.80 low and is once again testing the 54.90 level. A break above here will bring the 57.74 level into focus, along with the bearish trend line from year to date highs.

Support: 50.80

Resistance: 57.74

 

interesting indices

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

Dow Jones

Despite heavy losses earlier in the week, equities managed to recover some ground helped by a weaker USD and increased expectations of Fed easing.

RSI: 43.7631 Bearish
Stochastic: 50.0715 Bullish
MACD: -165.90 Sell
EMA* (30): 26636.4 Sell
EMA* (100): 26286.6 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Weakness in USD as well as a wave of central bank easing helped equities recover last week.

RSI: 48.4946 Bearish
Stochastic: 33.4640 Bearish
MACD: -42.19 Sell
EMA* (30): 7747.1 Sell
EMA* (100): 7579.2 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.