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 reversed initial gains to end the week negative
  • FOMC minutes have further encouraged the view that the Fed will cut rates at its July meeting
  • Oil prices rose again as the EIA reported a fourth consecutive weekly drawdown in US crude stores
  1. Tuesday, July 16 – NZD CPI, 0145
  2. Tuesday, July 16 – USD Retail Sales, 1530
  3. Wednesday, July 17 – GBP CPI, 1130
  4. Thursday, July 18 – AUD Unemployment Rate, 0430
  5. Friday, July 19 – USD University of Michigan Sentiment, 1700

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 43%
Short: 57%
Change w/w: -42%
Signal: Bearish

 

AUDUSD

Long: 32%
Short: 68%
Change w/w: -22%
Signal: Bearish

 

GBPUSD

Long: 73%
Short: 27%
Change w/w: -16%
Signal: Bullish

 

USDJPY

Long: 84%
Short: 16%
Change w/w: +13%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD continues to hold above the 1.1217 level support for now, trading along a rising trend line, though remains capped by 1.1325 resistance.

Support: 1.1217

Resistance: 1.1325

XAUUSD
t

Gold remains capped by the mid-2013 high of 1433.48 though still holding above the broken 2014 high of 1391.61, keeping focus on further upside.

Support: 1391.61

Resistance: 1433.48

AUDUSD
t

AUDUSD is turning higher once again but remains capped by .70 for now with the bearish trend line from year to date highs sitting just above.

Support: .6940

Resistance: .7000

USDJPY
t

USDJPY was capped by the 108.77 resistance level and has since turned sharply lower, moving back down to test support at the 107.90 level.

Support: 107.55

Resistance: 108.77

GBPUSD
t

GBPUSD tested the 1.2463 low which has held for now, turning price back up towards the 1.2604 level resistance.

Support: 1.2463

Resistance: 1.2604

USOIL
t

Oil is currently challenging the 60.32 level, having broken above the bearish trend line from 2019 highs. Above here, the next level to watch is 63.89.

Support: 56.18

Resistance: 63.89

 

interesting indices

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

Dow Jones

A dovish set of FOMC minutes have increased expectations of a Fed rate cut at the July meeting later this month, keeping equities well bid.

RSI: 68.4742 Bullish
Stochastic: 766.7783 Bullish
MACD: 260.09 Buy
EMA* (30): 26543.6 Buy
EMA* (100): 26013.6 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Dovish Fed expectations and fresh optimism over US-China trade negotiations are keeping risk sentiment buoyant.

RSI: 65.8195 Bullish
Stochastic: 76.3839 Bullish
MACD: 103.75 Buy
EMA* (30): 7689.1 Buy
EMA* (100): 7470 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.