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 due to the release of the FOMC minutes which were not as dovish as traders were expecting
  • Equities were weaker due to a stronger USD
  • Oil was lower despite the EIA reporting another draw in US crude stores
  1. Monday, August 26 – USD Durable Goods 1530
  2. Tuesday, August 27 – USD Consumer Confidence 1700
  3. Thursday, August 29 – USD 2Q GDP 1530
  4. Friday, August 30 – EUR Eurozone CPI 1200
  5. Friday, August 30 – CAD GDP 1530

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 38%
Short: 62%
Change w/w: -50%
Signal: Bearish

 

AUDUSD

Long: 93%
Short: 7%
Change w/w: +3%
Signal: Bullish

 

GBPUSD

Long: 67%
Short: 33%
Change w/w: -10%
Signal: Bullish

 

USDJPY

Long: 77%
Short: 23%
Change w/w: +13%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD remains capped by the 1.1217 level for now, with price still tracking the large bearish channel from year-to-date highs, putting focus on further downside.

Support: 1.1025

Resistance: 1.1217

XAUUSD
t

Gold prices broke back above the 1522.75 level last week. While above here, focus is on a test of the 1566.15 level next.

Support: 1522.75

Resistance: 1566.15

AUDUSD
t

AUDUSD is continuing to consolidate above the .6677 lows with .6831 keeping upside capped for now.

Support: .6677

Resistance: .6831

USDJPY
t

USDJPY found support at the 105.07 level but remains within the bearish channel from year-to-date highs, putting focus on further downside.

Support: 105.07

Resistance: 106.76

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 was capped once again by the bearish trend line from July highs, putting focus on a further test of the 50.72 support next.

Support: 50.72

Resistance: 56.76

 

interesting indices

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

Dow Jones

The FOMC minutes were less dovish than expected last week, providing some upside impetus for USD, which has weighed on equities.

RSI: 41.3432 Bearish
Stochastic: 63.6912 Bullish
MACD: -221.93 Sell
EMA* (30): 26237.4 Sell
EMA* (100): 26214.2 Sell

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

A stronger US dollar has curbed risk appetite in equities, however, optimism around US/China trade negotiations is keeping the market underpinned for now.

RSI: 42.5885 Bearish
Stochastic: 62.5959 Bullish
MACD: -49.07 Sell
EMA* (30): 7681.5 Sell
EMA* (100): 7585.3 Sell

* 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.