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 reversed initial losses to end the week higher
  • Fed’s Williams stoked increased expectations of a July rate hike with aggressive, dovish comments
  • Oil prices fell despite the EIA reporting a fifth consecutive weekly drawdown in US crude stores
  1. Wednesday, July 24 –EUR Eurozone PMIs 1100
  2. Wednesday, July 24 – USD PMIs 1645
  3. Thursday, July 25 – EUR ECB Rate Decision 1445
  4. Thursday, July 25 – USD Trade Balance 1530
  5. Friday, July 26 – USD 2Q GDP, 1530

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 72%
Short: 28%
Change w/w: +29%
Signal: Bullish

 

AUDUSD

Long: 22%
Short: 78%
Change w/w: -10%
Signal: Bearish

 

GBPUSD

Long: 66%
Short: 34%
Change w/w: -7%
Signal: Bullish

 

USDJPY

Long: 65%
Short: 35%
Change w/w: -19%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD reversed gains sharply last week to trade back down to the 12.17 level where price continues to be anchored.

Support: 1.1217

Resistance: 1.1325

XAUUSD
t

Gold broke out above the mid-2013 high of 1433.48 last week before reversing to close back beneath it. While above the broken 2014 high of 1391.61 focus is on further upside.

Support: 1391.61

Resistance: 1433.48

AUDUSD
t

AUDUSD traded up to test the bearish trend line from 2019 highs last week which capped price once again. For now, focus remains on further upside and another challenge while price is above the .7021 level.

Support: .7021

Resistance: .7158

USDJPY
t

USDJPY fell back below the 107.90 level last week, finding support at 107.19 for now, though tone remains heavy.

Support: 107.19

Resistance: 107.90

GBPUSD
t

GBPUSD broke down below the 1.2439 low last week to trade fresh 2019 lows before reversing back above the level. Focus remains on further downside for now.

Support: 1.2439

Resistance: 1.2579

USOIL
t

Oil was capped by a further test of the 60.32 level last week, turning lower to trade back down to 65.18, which held as support.

Support: 51.31

Resistance: 60.32

 

interesting indices

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

Dow Jones

Equities remain supported near recent highs as expectations of Fed easing underpin demand.

RSI: 61.4980 Bullish
Stochastic: 70.7995 Bullish
MACD: 275.25 Buy
EMA* (30): 26643.6 Buy
EMA* (100): 26155.6 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

A resurgent US dollar capped by the equities advance last week though we are likely to see higher prices headed into the FOMC meeting at the end of the month.

RSI: 54.9568 Bullish
Stochastic: 49.7244 Bearish
MACD: 88.92 Buy
EMA* (30): 7747.1 Buy
EMA* (100): 7510.5 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.