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 over the week, benefiting from the continued fall in equities
  • Global recession fears weighed on equities and general risk sentiment
  • UK CPI surprised to the upside but Brexit woes still skewing GBP negatively
  1. Wednesday, August 21 – CAD CPI 1530
  2. Wednesday, August 21 – USD FOMC Meeting Minutes 2100
  3. Thursday, August 22 – USD Jackson Hole Begins
  4. Friday, August 23 – JPY CPI 0230
  5. Friday, August 23 – USD Fed’s Powell Speaks at Jackson Hole 1700

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 82%
Short: 18%
Change w/w: -66%
Signal: Bullish

 

AUDUSD

Long: 90%
Short: 10%
Change w/w: 0%
Signal: Bullish

 

GBPUSD

Long: 76%
Short: 24%
Change w/w: -10%
Signal: Bullish

 

USDJPY

Long: 62%
Short: 38%
Change w/w: -30%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD continues to trade within the large bearish channel following the recent failure at 1.1217, keeping focus on further downside.

Support: 1.1025

Resistance: 1.1217

XAUUSD
t

Gold remains capped by the 1522.75 level for now, though focus is on a further push higher to the 1566.15 level next.

Support: 1433.48

Resistance: 1522.75

AUDUSD
t

AUDUSD is fighting to hold above the .6758 support though looks vulnerable to another test of the .6678 level near term.

Support: .6678

Resistance: .6832

USDJPY
t

USDJPY found support at the 105.48 level, but for now the recovery has been capped by 106.78 level resistance.

Support: 105.04

Resistance: 106.78

GBPUSD
t

GBPUSD remains near the bottom of the bearish channel, sitting just above 1.20 support. Near-term outlook remains bearish below 1.2382.

Support: 1.20

Resistance: 1.2382

USOIL
t

Oil is still below the bearish trend line from year-to-date highs for now but has found strong support at the 50.68 level.

Support: 50.68

Resistance: 60.44

 

interesting indices

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

Dow Jones

Concerns over the risk of a global recession have weighed on stocks recently though expectations of Fed and ECB easing are helping offset some of the negative impact.

RSI: 38.5371 Bearish
Stochastic: 56.8207 Bullish
MACD: -277.27 Sell
EMA* (30): 26407.4 Sell
EMA* (100): 26243.6 Sell

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Stocks have seen volatility over recent weeks due to changes in the US/China trade environment with risk of further announcements likely to keep volatility high.

RSI: 42.1919 Bearish
Stochastic: 60.5775 Bullish
MACD: -63.48 Sell
EMA* (30): 7697.7 Sell
EMA* (100): 7578.8 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.