FXPRIMUS Weekly

Start Trading Now!

 
 

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 roughly flat over the week as weaker-than-expected data halted upside
  • Equities softened on reduced expectations of a US/China trade deal
  • Oil prices fell on reports that OPEC will not look to increase the level of production cuts at the upcoming meeting
  1. ISM Manufacturing (USD)
    Monday, Dec 2nd – 17:00
  2. RBA Rate Decision (AUD)
    Tuesday, Dec 3rd – 05:30
  3. BoC Rate Decision (CAD)
    Wednesday, Dec 4th – 17:00
  4. Trade Balance (AUD)
    Thursday, Dec 5th – 02:30
  5. Nonfarm Payrolls (USD)
    Friday, Dec 6th – 15:30

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 73%
Short: 27%
Change w/w: 0%
Signal: Bullish

 

AUDUSD

Long: 81%
Short: 19%
Change w/w: +8%
Signal: Bullish

 

GBPUSD

Long: 21%
Short: 79%
Change w/w: -19%
Signal: Bearish

 

USDJPY

Long: 6%
Short: 94%
Change w/w: -21%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD is still fluctuating around the pivotal 1.1024 level, though the focus is on further downside for now.

Support: 1.0930

Resistance: 1.1217

XAUUSD
t

Gold prices remain below the 1481.93 level though are within the bull flag pattern. While the structure holds we could still see a break higher.

Support: 1436.19

Resistance: 1522.75

AUDUSD
t

AUDUSD has broken back beneath the .6779 level and focus is now back on the .6716 level next.

Support: .6779

Resistance: .6850

USDJPY
t

USDJPY continues to push higher. While above the 108.84 level, the focus is on a test of the 110.58 level next. Watch the bearish trend line which comes in ahead of that level.

Support: 108.84

Resistance: 110

GBPUSD
t

GBPUSD continues to hold in a ranging pattern above the broken bearish trend line. While 1.2782 supports, the focus is on test of the 1.3033 level next.

Support: 1.2782

Resistance: 1.3033

USOIL
t

Oil prices reversed sharply last week and are now retesting the 55 level. If the market moves back below this level, the 51.25 zone is the next region to watch.

Support: 55

Resistance: 60

 

interesting indices

An in-depth look at indices using technical indicators

Dow Jones

Equities have been a little weaker in recent trading as the market awaits clarity on US/China trade negotiations. For now, however, optimism is keeping sentiment supported.

RSI: 64.4001 Bullish
Stochastic: 85.4699 Bearish
MACD: 269.19 Bullish
EMA* (30): 27637.4 Buy
EMA* (100): 27006.5 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

The FOMC minutes confirmed that the Fed is looking to remain on hold in the near term though concern over the risks to the US economy mean that further easing is not yet ruled out.

RSI: 73.4446 Bullish
Stochastic: 91.7848 Bullish
MACD: 103.71 Bullish
EMA* (30): 8216.4 Buy
EMA* (100): 7935.4 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.