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 amidst the holiday trading as markets wait for the first data of 2020
  • The S&P 500 traded into further fresh highs on trade deal optimism and a weak USD
  • Oil continued higher as the EIA reported a further drop in US crude stores
  1. Chicago PMI (USD)
    Monday Dec 30th  – 16:45
  2. Manufacturing PMI (CNY)
    Tuesday Dec 31st – 03:00
  3. CB Consumer Confidence (USD)
    Tuesday Dec 31st - 17:00
  4. ISM Manufacturing PMI (USD)
    Friday Jan 3rd - 17:00
  5. FOMC Meeting Minutes (USD)
    Friday Jan 3rd - 21:00

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 16%
Short: 84%
Change w/w: -42%
Signal: Bearish

 

AUDUSD

Long: 18%
Short: 82%
Change w/w: -18%
Signal: Bearish

 

GBPUSD

Long: 40%
Short: 60%
Change w/w: -13%
Signal: Bearish

 

USDJPY

Long:8%
Short: 92%
Change w/w: -1%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD broke back above the bearish trend line last week and is currently challenging the 1.1166 level, eyeing 1.13 next.

Support: 1.1024

Resistance: 1.1300

XAUUSD
t

Gold prices continued to rise last week, as the bull flag broke to the topside, putting focus on a fresh test of the 1522.75 level.

Support: 1481.93

Resistance: 1522.75

AUDUSD
t

AUDUSD continued to rally above the .6926 level, confirming a break above the bearish trend line. Focus is now on a test of the .7027 level next.

Support: .6926

Resistance: .7027

USDJPY
t

USDJPY traded firmly back above the 108.84 level last week and is now challenging the bearish trend line ahead of next resistance at the 110.58 level.

Support: 108.84

Resistance: 110.58

GBPUSD
t

GBPUSD sold off heavily following the rejection at 1.3377 though has since reclaimed the 1.2014 support to keep focus on further upside for now.

Support: 1.3014

Resistance: 1.3377

USOIL
t

Oil has held above the bearish trend line for now, using a retest of 60 as support. While above here, focus is on a test of 63 next.

Support: 57

Resistance: 60

 

interesting indices

An in-depth look at indices using technical indicators

Dow Jones

Equities end the year at highs as news of a US/China trade deal keeps investors optimistic heading into the New Year.

RSI: 71.0304 Bullish
Stochastic: 89.9871 Bullish
MACD: 235.79 Bullish
EMA* (30): 28077.4 Buy
EMA* (100): 27374.3 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Along with optimism over  US/China trade deal and the prospect of a further phase of the trade deal, a weaker USD has lent its support.

RSI: 79.8158 Bullish
Stochastic: 85.9629 Bullish
MACD: 128.88 Bullish
EMA* (30): 8457.3 Buy
EMA* (100): 80121.9 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.