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 on better data, though the upside was capped by the NFP miss on Friday
  • Equities traded higher in response to the calming of tensions between the US and Iran
  • Oil prices are weakening over reduced Middle East fears, along with the EIA reporting an unexpected inventories build
  1. Consumer Price Index (USD)
    Tuesday, Jan 14th – 15:30
  2. Consumer Price Index (GBP)
    Wednesday, Jan 15th – 11:30
  3. Retail Sales (USD)
    Thursday, Jan 16th – 15:30
  4. Gross Domestic Product (CNY)
    Friday, Jan 17th – 04:00
  5. Retail Sales (GBP)
    Friday, Jan 17th – 11:30

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 55%
Short: 45%
Change w/w: -14%
Signal: Bullish

 

AUDUSD

Long: 50%
Short: 50%
Change w/w: +22%
Signal: Neutral

 

GBPUSD

Long: 39%
Short: 61%
Change w/w: 0%
Signal: Bearish

 

USDJPY

Long: 10%
Short: 90%
Change w/w: -55%
Signal: Bearish

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technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD reversed back under the 1.1166 level last week and is currently retesting the broken bearish trend line, putting the focus on a move back down to 1.1024 next.

Support: 1.1024

Resistance: 1.1166

XAUUSD
t

Gold was capped last week by the 1609.17 level resistance. While above the 1556.75 level, the focus is on further upside.

Support: 1522.75

Resistance: 1609.17

AUDUSD
t

AUDUSD found support at the .6850 level during the week, keeping its price above the broken bearish trend line. While above here, the focus is on further upside.

Support: .6850

Resistance: .6926

USDJPY
t

USDJPY rallied last week, though was capped by the bearish trend line and the 109.71 resistance level. The near-term bias remains bullish; looking for 110.58 next.

Support: 108.84

Resistance: 110.58

GBPUSD
t

GBPUSD is still holding above the 1.3014 level for now, following the rejection at 1.3014. If we move below here, the focus will be on the 1.2781 level next.

Support: 1.3014

Resistance: 1.3377

USOIL
t

Oil reversed heavily last week and has broken back beneath the bearish trend line from 2019 highs. A test of 57 support now looks likely.

Support: 57

Resistance: 63.13

 

interesting indices

An in-depth look at indices using technical indicators

Dow Jones

Equities were rocked by the outbreak of tensions between the US and Iran which has raised fears over potential military conflict.

RSI: 67.0777 Bullish
Stochastic: 61.4605 Bullish
MACD: 235.41 Bullish
EMA* (30): 28367.5 Buy
EMA* (100): 27594.1 Buy

* EMA => Exponential Moving Average

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dow-jones

Nasdaq

Investors are caught between the opposing market forces of support from optimism around US/China trade negotiations and the downside pressure from geopolitical risk factors.

RSI: 76.0583 Bullish
Stochastic: 79.5290 Bullish
MACD: 145.54 Bullish
EMA* (30): 8648.1 Buy
EMA* (100): 8243.1 Buy

* EMA => Exponential Moving Average

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nasdaq
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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.