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 recovered last week to end the session higher as EUR collapsed
  • Equities retraced earlier gains in the week in response to geopolitical developments in the Middle East
  • Oil prices shrugged off a bearish EIA report to trade higher on Middle East tensions.
  1. Wednesday, June 19 – GBP CPI, 1130
  2. Wednesday, June 19 – USD FOMC Rate Decision, 2100
  3. Thursday, June 20 – JPY BOJ Rate Decision
  4. Thursday, June 20 – GBP BOE Rate Decision, 1400
  5. Friday, June 21 – JPY CPI, 0230

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 80%
Short: 20%
Change w/w: +65%
Signal: Bullish

 

AUDUSD

Long: 94%
Short: 6%
Change w/w: +36%
Signal: Bullish

 

GBPUSD

Long: 86%
Short: 14%
Change w/w: +15%
Signal: Bullish

 

USDJPY

Long: 67%
Short: 33%
Change w/w: -22%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD pierced above the bearish trend line briefly before reversing sharply lower to trade back under the 1.1217 level, putting focus back on a test of lows around 1.1129.

Support: 1.1129

Resistance: 1.1264

XAUUSD
t

Gold pierced above the 1346.97 level last week before reversing sharply to close back beneath. If price holds below here, a retest of the 1322.33 support seems likely.

Support: 1322.33

Resistance: 1346.97

AUDUSD
t

AUDUSD failed at a retest of the .70 level and has since turned sharply lower, moving back down to test recent lows at the .6862 level.

Support: .6862

Resistance: .7000

USDJPY
t

The sell off in USDJPY stopped just short of testing the 107.63 level support and price has since recovered to test the 108.75 level.

Support: 107.63

Resistance: 108,75

GBPUSD
t

GBPUSD is still trading along the lower end of the bearish channel, testing support at the 1.2604 level.

Support: 1.2484

Resistance: 1.2802

USOIL
t

Oil prices remain hemmed in between support at the 51.28 level and resistance at 54.88.

Support: 51.28

Resistance: 54.88

 

interesting indices

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

Dow Jones

The prospect of fresh easing from the Fed and the ECB is keeping equities broadly underpinned despite some persistent risks.

RSI: 58.2713 Bullish
Stochastic: 69.9398 Bullish
MACD: 54.46 Buy
EMA* (30): 25791.7 Buy
EMA* (100): 25685.9 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Equities have been a touch lower over recent trading due to rising geopolitical tensions and a stronger US dollar.

RSI: 54.1956 Bullish
Stochastic: 82.7459 Bullish
MACD: -4.56 Sell
EMA* (30): 7411.5 Buy
EMA* (100): 7325.1 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.