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 traded lower over the week, and news of the Trade Deal saw equities explode
  • S&P500 hit new record highs too
  • GBP traded higher after the Conservatives won the UK General Election
  1. Manufacturing PMI (GBP)
    Monday, Dec 16th – 11:30
  2. Manufacturing PMI (USD)
    Monday, Dec 16th – 16:30
  3. CPI (GBP)
    Wednesday, Dec 18th – 11:30
  4. BoE Rate Decision (GBP)
    Thursday, Dec 19th – 14:00
  5. Retail Sales (CAD)
    Friday, Dec 20th – 15:30

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 27%
Short: 73%
Change w/w: -55%
Signal: Bearish

 

AUDUSD

Long: 36%
Short: 64%
Change w/w: -2%
Signal: Bearish

 

GBPUSD

Long: 22%
Short: 78%
Change w/w: +11%
Signal: Bearish

 

USDJPY

Long: 11%
Short: 89%
Change w/w: -53%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD attempted to breakout above the 1.1166 level last week, piercing briefly above the bearish trend line, but ultimately reversed lower.

Support: 1.1024

Resistance: 1.1166

XAUUSD
t

Gold prices remain within the bearish channel for now, capped by the 1481.93 resistance. Ultimately, the structure could still prove to be a bull flag, leading to an eventual break higher.

Support: 1436.19

Resistance: 1481.93

AUDUSD
t

AUDUSD also attempted to breakout last week but was capped by .6926 resistance and the bearish trend line.

Support: .6850

Resistance: .6926

USDJPY
t

USDJPY continues to hold above the 108.84 level for now, suggesting a test of the bearish trend line is coming, though momentum has been weaker recently.

Support: 108.84

Resistance: 110.58

GBPUSD
t

GBPUSD broke out further last week, briefly piercing above the 1.3377 level. While above the support at 1.3014, focus is on a further push higher.

Support: 1.3014

Resistance: 1.3377

USOIL
t

Oil traded above the 60 level last week though reversed just shy of testing the bearish trendline.

Support: 57

Resistance: 60

 

interesting indices

An in-depth look at indices using technical indicators

Dow Jones

Equities surged higher last week in response to the news of a US/China Trade Deal being signed. Risk sentiment rallied strongly as news broke.

RSI: 61.4284 Bullish
Stochastic: 80.2188 Bearish
MACD: 139.23 Bullish
EMA* (30): 27764.8 Buy
EMA* (100): 27163.8 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Along with positive sentiment regarding the Trade Deal, equities were also supported by the FOMC meeting which saw the Fed keeping the door open to further easing.

RSI: 65.2305 Bullish
Stochastic: 81.3479 Bearish
MACD: 70.97 Bullish
EMA* (30): 8294.3 Buy
EMA* (100): 8013.7 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.