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 recover gathered pace, fuelled by a weaker EUR and stronger US Data.
  • EUR weakened on dovish ECB meeting which saw Draghi warn that rate hikes might be delayed.
  • Risks assets were weaker on lowered global growth outlook from the OECD and rising tensions between China & Canada.

The times mentioned above are in GMT+2 (MT4 Time).

  1. Tuesday, March 12 – USD CPI, 1430
  2. Wednesday, March 13 – USD Durable Goods, 1430
  3. Friday, March 15 – JPY BOJ Rate Decision
  4. Friday, Mar 15 – USD U. of Michigan Sentiments, 1600

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 79%
Short: 21%
Change w/w: +28%
Signal: Bullish

 

AUDUSD

Long: 83%
Short: 17%
Change w/w: +2%
Signal: Bullish

 

GBPUSD

Long: 64%
Short: 36%
Change w/w: -36%
Signal: Bullish

 

USDJPY

Long: 51%
Short: 49%
Change w/w: +46%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD continues to track within the broad bearish channel which has dominated price action over the last year, trading to fresh 2019 lows last week. While inside the channel, focus remains on further downside.

Support: 1.1118

Resistance: 1.1413

AUDUSD
t

AUDUSD continues to trade with a heavy tone, though for now the .7021 level remains solid support. Below here, the 2015 lows come into view while bulls will need to see a break of the bearish trend line and local high at .72 to gather conviction.

Support: 0.7021

Resistance: 0.7200

USDJPY
t

USDJPY reversed lower just shy of testing the next big structural level at 112.22 – 112.50 and is now back below the 111.58 – 111.72.

Support: 109.77 – 110.13

Resistance: 111.58 – 111.72

GBPUSD
t

GBPUSD continues to trade higher within the bullish channel of the 2018 lows, currently sitting on 1.3004 support.

Support: 1.3004

Resistance: 1.3304

USOIL
t

Oil prices remained supported at the 55.32 level, keeping focus on a further run up to test the broken rising trend line from 2016 lows.

Support: 55.32

Resistance: 58.03

 

interesting indices

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

Dow Jones

A stronger US Dollar saw some pull back in equities markets last week as better US data raises questions around potential summer Fed rate hike.

RSI: 50.04 Bullish
Stochastic: 22.5680 Bearish
MACD: 188.92 Buy
EMA* (30): 25446.3 Buy
EMA* (100): 24045.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Risk assets traded lower last week as global growth concerns resurfaced in the wake of a lowered global outlook from the OECD while rising tensions between China and Canada also hampered risk appetite.

RSI: 52.23 Bullish
Stochastic: 37.0120 Bearish
MACD: 65.36 Buy
EMA* (30): 6985.9 Buy
EMA* (100): 6899.4 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.