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 traded heavily lower in response to a dovish FOMC meeting
  • Equities traded higher as the Fed signaled the likelihood of forthcoming easing
  • Oil prices traded higher on a bullish EIA report which saw US crude production easing
  1. Tuesday, June 25 – USD Consumer Confidence, 1700
  2. Wednesday, June 26 – NZD RBNZ Cash Rate, 0500
  3. Thursday, June 27 – USD Q1 GDP, 1530
  4. Friday, June 28 – EUR Eurozone CPI, 1200
  5. Friday, June 28 – USD PCE Core, 1530

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 94%
Short: 6%
Change w/w: +14%
Signal: Bullish

 

AUDUSD

Long: 53%
Short: 47%
Change w/w: -41%
Signal: Bullish

 

GBPUSD

Long: 61%
Short: 39%
Change w/w: -15%
Signal: Bullish

 

USDJPY

Long: 91%
Short: 39%
Change w/w: +18%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD has broken out above the bearish trend line from 2019 highs and is now above the 1.1243 level which has turned support.

Support: 1.1129

Resistance: 1.1264

XAUUSD
t

Gold has broken out to levels not seen since 2014 as the weakness in USD has sent XAUUSD back above the 1393.64 level, while above here focus is on a test of the 1425.52 level next.

Support: 1393.64

Resistance: 1425.52

AUDUSD
t

AUDUSD managed to find support at the .6865 level again and is potentially carving out a W shaped bottom at the level, suggesting the potential for a further reversal higher.

Support: .6865

Resistance: .7000

USDJPY
t

The sell off in USDJPY found support at the 107.08 level though tone remains heavy and focus is on a further push lower.

Support: 107.08

Resistance: 107.65

GBPUSD
t

GBPUSD has managed to trade back above the 1.2658 level after finding support at the channel low once again. Bulls need to see price back above 1.28 next.

Support: 1.2658

Resistance: 1.2802

USOIL
t

The recovery in oil has taken price back up to retest the 58.13 level which is holding for now. Above here, the 60.10 zone is the next area to watch.

Support: 55.02

Resistance: 58.13

 

interesting indices

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

Dow Jones

A dovish tone at the FOMC has seen heavy buying in equities recently which looks set to continue this week.

RSI: 66.4427 Bullish
Stochastic: 84.8085 Bullish
MACD: 245.23 Buy
EMA* (30): 26048.6 Buy
EMA* (100): 25783.9 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

A weaker USD has seen equities well bid with the market shifting concerns away from the US-China trade war in light of the prospect for fresh easing.

RSI: 64.1579 Bullish
Stochastic: 82.1192 Bullish
MACD: 77.46 Buy
EMA* (30): 7501.2 Buy
EMA* (100): 7357.1 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.