FXPRIMUS Weekly

Start Trading Now!

 
 

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 knocked lower on weaker than expected CPI data.
  • GBP traded higher on expectations that Brexit will now be delayed.
  • Risks assets traded higher on continued US / China trade talk optimism as well as Brexit delay headlines.

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

  1. Tuesday, Mar 19 – EUR Eurozone ZEW Survey, 1200
  2. Wednesday, Mar 20 – GBP CPI, 1130
  3. Wednesday, Mar 20 – USD FOMC Rate Decision, 2000
  4. Thursday, Mar 21 – AUD Unemployment Rate, 0230
  5. Thursday, Mar 21 – GBP BOE Rate Decision, 1400

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 22%
Short: 78%
Change w/w: -55%
Signal: Bearish

 

AUDUSD

Long: 43%
Short: 57%
Change w/w: -40%
Signal: Bearish

 

GBPUSD

Long: 25%
Short: 75%
Change w/w: -39%
Signal: Bearish

 

USDJPY

Long: 31%
Short: 69%
Change w/w: -20%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD is still tracking lower within the broad bearish channel which has framed price action over the last year. While inside the channel, focus remains on further downside with the 1.1118 level the next main support to watch.

Support: 1.1118

Resistance: 1.1413

XAUUSD
t

Price has made it back above the broken bullish trend line which continues to be something of a battleground. Bulls will need to see price back above 1304.77 to keep focus on further upside.

Support: 1298.45

Resistance: 1325.93

AUDUSD
t

AUDUSD price action remains subdued with a tendency to still drift lower, though 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 continues to pressure the 111.58 – 111.72, though it is potentially forming a lower high at the level, suggesting the risk of a reversal lower from here.

Support: 109.77 – 110.13

Resistance: 111.58 – 111.72

GBPUSD
t

GBPUSD continues to test the 1.33 – 1.3350s resistance level, which is the neckline of a large inverse head and shoulders pattern, putting focus on an eventual run up to test the next resistance around the 1.3650s – 1.3750 level.

Support: 1.2963

Resistance: 1.3358

USOIL
t

Oil prices are tentatively back above the 58.03 level for now. While above here, focus remains on a run back up to test the broken bullish trend line from 2015 lows with structural resistance coming in just ahead at the 61.78 level.

Support: 58.03

Resistance: 61.78

 

interesting indices

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

Dow Jones

A weakened US Dollar in response to softer than expected CPI figures for February allowed equities to recover firmly last week.

RSI: 54.64 Bullish
Stochastic: 81.5590 Bullish
MACD: 133.47 Buy
EMA* (30): 25542.0 Buy
EMA* (100): 25117.9 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: 63.96 Bullish
Stochastic: 61.6863 Bullish
MACD: 15.83 Buy
EMA* (30): 7284.3 Buy
EMA* (100): 7228.4 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.