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 higher last week as better US data lifted sentiment
  • Equities recovered initial losses suffered as the US/China trade war intensified with Chinese retaliatory tariffs
  • Oil prices remained firm last week, shrugging of a bearish EIA report, as the market focused on increased tensions in the Middle East
  1. Wednesday, May 22 – GBP CPI, 1130
  2. Wednesday, May 22 – USD FOMC Meeting Minutes, 2100
  3. Thursday, May 23 – EUR ECB Meeting Minutes, 1430
  4. Friday, May 24 – JPY CPI, 0230
  5. Friday, May 24 – USD Durable Goods, 1530

The times mentioned above are in GMT+3 (MT4 Time).

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 83%
Short: 17%
Change w/w: +55%
Signal: Bullish

 

AUDUSD

Long: 97%
Short: 3%
Change w/w: +12%
Signal: Bullish

 

GBPUSD

Long: 91%
Short: 9%
Change w/w: +16%
Signal: Bullish

 

USDJPY

Long: 47%
Short: 53%
Change w/w: -27%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD has fallen back below the 1.1217 level this week as price remains capped by the bearish trend line. 1.1109 is next support.

Support: 1.1109

Resistance: 1.1217

XAUUSD
t

Gold prices collapsed again last week following initial strength, taking price back down below the 1280.58 level. 1266.12 is next support.

Support: 1266.12

Resistance: 1298.32

AUDUSD
t

AUDUSD has broken down firmly below the .7021 level now and is closing in on the 2016 lows of .6840 as the long-term bear trend continues.

Support: .6840

Resistance: 0.7021

USDJPY
t

USDJPY has traded back above the 109.70 level broken last week. While above here, a rotation back higher towards 112.16 looks likely.

Support: 109.70

Resistance: 112.16

GBPUSD
t

GBPUSD has broken several key levels in its recent decline. A retest of 1.2769 is likely to find resistance, keeping focus on a test of 1.2670 next.

Support: 1.2670

Resistance: 1.2769

USOIL
t

Oil prices have rallied again, trading up to just shy of the 64.38 resistance level. While above the 60.49 support, focus is on further upside.

Support: 60.49

Resistance: 64.38

 

interesting indices

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

Dow Jones

Equities were heavily lower initially on the week as China announced retaliatory tariffs on $60 billion worth of US goods though later recovered.

RSI: 46.0000 Bearish
Stochastic: 40.1089 Bearish
MACD: -137.90 Sell
EMA* (30): 262410 Sell
EMA* (100): 25679.1 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Equity markets are under pressure as geopolitical risk factors grow and a resurgent US dollar weighs on price.

RSI: 45.4139 Bearish
Stochastic: 53.6223 Bearish
MACD: -19.29 Sell
EMA* (30): 7588.4 Sell
EMA* (100): 7319.8 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.