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 sharply higher last week as Trump ruled out currency intervention
  • Expectations of a Fed rate cut this week will be the main focus
  • Oil prices remained stagnant as a stronger USD offset a further decline in US crude inventories
  1. Tuesday, July 30 – JPY BOJ Rate Decision 1100
  2. Wednesday, July 31 – EUR Eurozone CPI 1200
  3. Wednesday, July 31 – USD FOMC Rate Decision 2100
  4. Thursday, August 1 – GBP BOE Rate Decision 1400
  5. Friday, August 2 – USD NFP & Unemployment Rate 1530

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 87%
Short: 13%
Change w/w: +15%
Signal: Bullish

 

AUDUSD

Long: 93%
Short: 7%
Change w/w: +71%
Signal: Bullish

 

GBPUSD

Long: 87%
Short: 13%
Change w/w: +21%
Signal: Bullish

 

USDJPY

Long: 12%
Short: 88%
Change w/w: -53%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD is fighting to hold on at the 1.1130 level, though remains vulnerable to a move down to 1.1027 next.

Support: 1.1027

Resistance: 1.1217

XAUUSD
t

Gold prices continue to range between the 1391.61 support and 1433.48 resistance and are currently being underpinned by the rising trend line from July lows.

Support: 1391.61

Resistance: 1433.48

AUDUSD
t

AUDUSD failed to make it above the bearish trend line from 2019 highs and has instead turned lower once again, breaking below the .70 level. Price is sitting on .6910 support for now.

Support: .6830

Resistance: .7000

USDJPY
t

USDJPY rallied as high as the 108.77 resistance, which is holding for now. While above the 108.28 support, focus remains on an eventual break higher.

Support: 108.28

Resistance: 108.77

GBPUSD
t

GBPUSD tested the 1.2383 support last week, piercing briefly below it and suggesting the risk for further downside, which remains the case unless we see a move back above 1.2577.

Support: 1.2383

Resistance: 1.2577

USOIL
t

Oil has collapsed back under the bearish trend line from year-to-date highs and is currently being underpinned by support at the 54.85 level though price looks vulnerable to a move down to 50.80 next.

Support: 54.85

Resistance: 60.00

 

interesting indices

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

Dow Jones

Equities ticked slightly lower last week in the face of a stronger USD. The prospect of a US rate cut next week is likely to keep risk assets supporter, however.

RSI: 56.8423 Bullish
Stochastic: 48.2880 Bearish
MACD: 275.25 Buy
EMA* (30): 26872.6 Buy
EMA* (100): 26254.6 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

While a resurgent USD has seen upside momentum in equities stalling recently, there is plenty of upside risk for equities this week, including the prospect of a larger-than-expected rate cut.

RSI: 61.1789 Bullish
Stochastic: 63.9963 Bullish
MACD: 87.56 Buy
EMA* (30): 7806.5 Buy
EMA* (100): 7555.2 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.