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 heavily lower over the week following dovish comments from Fed’s Powell who signaled potential easing
  • ECB pushed back rate hike forecasts, saying it has discussed potential for further easing
  • Equity prices soared higher on wave of fresh G10 Central Bank easing expectations
  1. Wednesday, June 12 – USD CPI, 1530
  2. Thursday, June 13 – AUD Unemployment Rate, 0430
  3. Thursday, June 13 – CHF SNB Rate Decision, 1030
  4. Friday, June 14 – USD Retail Sales, 1530
  5. Friday, June 14 – USD U. 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: 15%
Short: 85%
Change w/w: -30%
Signal: Bearish

 

AUDUSD

Long: 58%
Short: 42%
Change w/w: -28%
Signal: Bullish

 

GBPUSD

Long: 71%
Short: 29%
Change w/w: -13%
Signal: Bullish

 

USDJPY

Long: 89%
Short: 11%
Change w/w: -6%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD has broken above structural resistance at the 1.13 level as well as the bearish trend line from 2019 highs. Focus is on a test of the 1.1412 level next.

Support: 1.13

Resistance: 1.1412

XAUUSD
t

Gold prices soared to fresh 2019 highs last week before retreating slightly to close back under the 1346.99 level.

Support: 1321.57

Resistance: 1346.52

AUDUSD
t

The recovery rally continues in AUDUSD with price fighting to stay above the .6985 level, putting focus on a test of the .7051 resistance bearish trend line next.

Support: .6985

Resistance: .7051

USDJPY
t

USDJPY continues to test the major 108.08 level support which is holding for now, though focus remains skewed to the downside.

Support: 108.08

Resistance: 109.03

GBPUSD
t

GBPUSD continues to hold above the 1.2658 level support though focus remains on further downside while still in the bearish channel from March highs.

Support: 1.2658

Resistance: 1.2802

USOIL
t

Oil crashed lower again last week before bouncing off the 51.28 low to trade back up to just shy of the 54.71 level.

Support: 51.28

Resistance: 54.71

 

interesting indices

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

Dow Jones

The US dollar traded lower over the week as the Fed signaled it could return to easing, keeping equities supported.

RSI: 57.0381 Bullish
Stochastic: 87.2737 Bullish
MACD: -126.61 Sell
EMA* (30): 25836.7 Buy
EMA* (100): 25635.9 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Equity prices recovered firmly last week as the Fed and the ECB both warned that further easing could be necessary in the face of ballooning global trade wars.

RSI: 44.3806 Bearish
Stochastic: 76.0974 Bullish
MACD: -83.87 Sell
EMA* (30): 7385.1 Buy
EMA* (100): 7307.1 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.