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 strongly from post-FOMC weakness to end the week in the green.
  • GBP ended the week in the red despite news that the EU has offered the UK a conditional extension to the Article 50 process.
  • Oil prices traded lower in response to a stronger US dollar despite a bullish EIA report which highlighted another drawdown in US crude stockpiles.

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

  1. Tuesday, Mar 26 – USD Consumer Confidence, 1600
  2. Wednesday, Mar 27 – NZD RBNZ Rate Decision, 0300
  3. Thursday, Mar 28 – USD GDP 4Q, 1430
  4. Thursday, Mar 28 – EUR German CPI, 1500
  5. Friday, Mar 29 – USD PCE 1430

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 67%
Short: 33%
Change w/w: +45%
Signal: Bullish

 

AUDUSD

Long: 76%
Short: 24%
Change w/w: +33%
Signal: Bullish

 

GBPUSD

Long: 26%
Short: 74%
Change w/w: +1%
Signal: Bearish

 

USDJPY

Long: 82%
Short: 18%
Change w/w: +43%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

After a false breakout higher, EURUSD is now trading back within the bearish channel from 2018 highs. Bears will need to see a break of 1.1217 to confirm further downside.

Support: 1.1217

Resistance: 1.1420

XAUUSD
t

Gold prices remain supported at the 1280.58 level, though for now they are unable to get back above 1326.52 which provides local resistance.

Support: 1280.58

Resistance: 1326.52

AUDUSD
t

AUDUSD continues to be hemmed in by the bearish trend line from 2018 highs. Despite downside pressure, however, .7021 continues to go unbroken.

Support: 0.7021

Resistance: 0.7200

USDJPY
t

USDJPY is now retesting the site of the breakout earlier in the year around 109.74. Below here, the next support is 108.79.

Support:109.74

Resistance: 111.88

GBPUSD
t

GBPUSD continues to trade the bullish channel from 2018 lows. For now, price is rangebound between 1.30 and 1.33.

Support: 1.30

Resistance: 1.32

USOIL
t

Oil prices corrected lower last week but are still trading above the 58.06 level support, keeping focus on further upside for now within the rising wedge pattern.

Support: 58.06

Resistance: 61.82

 

interesting indices

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

Dow Jones

A strong recovery in the US dollar last week knocked equities lower as policy divergence between the Fed and other G10 central banks keeps USD supported.

RSI: 54.64 Bullish
Stochastic: 44.9158 Bullish
MACD: 94 Buy
EMA* (30): 25586.9 Buy
EMA* (100): 25174.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Risk assets traded lower last week as the US dollar recovered. Uncertainty around Brexit as well as ongoing situations such as the Google fine and Boeing investigation continue to keep equities pressured.

RSI: 32.2827 Bearish
Stochastic: 13.4545 Bearish
MACD: -30.47 Sell
EMA* (30): 7413.1 Sell
EMA* (100): 7382.8 Sell

* 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.