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 softened last week as the FOMC meeting minutes failed to indicate a forthcoming rate hike
  • Equities traded lower as economic concerns around the US / China trade war, Brexit & Middle East tensions increased
  • Oil prices collapsed last week as concerns over the US / China trade war outstripped upside pressures from Middle East tensions
  1. Tuesday, May 28th – USD Consumer Confidence 1700
  2. Wednesday, May 29th – CAD BOC Rate Decision, 2100
  3. Thursday, May 30th – USD GDP, 1530
  4. Friday, May 31st – USD PCE Core, 1530
  5. Friday, May 31st – CAD GDP, 1530

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 34%
Short: 66%
Change w/w: -50%
Signal: Bearish

 

AUDUSD

Long: 82%
Short: 18%
Change w/w: -15%
Signal: Bullish

 

GBPUSD

Long: 86%
Short: 14%
Change w/w: -5%
Signal: Bullish

 

USDJPY

Long: 82%
Short: 18%
Change w/w: +35%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD has recovered off the 1.1129 lows though remains inside the local bear channel for now, capped by 1.1217 resistance.

Support: 1.1129

Resistance: 1.1217

XAUUSD
t

Gold is once again sitting above the 1280.58 level and is testing bearish trend line resistance from 2019 highs. 1298.44 is next key topside level to watch.

Support: 1266.136

Resistance: 1298.44

AUDUSD
t

AUDUSD has managed to stay above the .6864 low though the recovery remains shallow. Market still in bearish territory while below the .6982 region and bearish trend line.

Support: .6864

Resistance: 0.6982

USDJPY
t

USDJPY has broken back below the 109.70 level though for now, remains above the recent 108.99 low. Bears will need to see a break of this level to gather fresh momentum.

Support: 108.99

Resistance: 10970

GBPUSD
t

GBPUSD is challenging the bearish channel low, having found support at the 1.2658 level for now. Focus remains on further downside.

Support: 1.2658

Resistance: 1.2802

USOIL
t

The slide in oil prices last week saw price breaking down through some key levels to then find support at 58.06. While below 60.55 though, focus remains on further downside.

Support: 58.06

Resistance: 60.55

 

interesting indices

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

Dow Jones

Equities were lower over the week, despite USD weakness, as economic concerns flare up again.

RSI: 42.4133 Bearish
Stochastic: 46.8777 Bearish
MACD: -153.06 Sell
EMA* (30): 25942 Sell
EMA* (100): 25703.1 Sell

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Fears over the escalating trade war between the US and China are keeping equities weighted currently.

RSI: 38.4494 Bearish
Stochastic: 15.5867 Bearish
MACD: -75.22 Sell
EMA* (30): 7505.4 Sell
EMA* (100): 7324.5 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.