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 lower as the Fed announced its third .25% rate cut of 2019
  • EU granted the UK a January 31st 2020 Brexit extension; UK elections called for December 12th
  • S&P hit new highs as Trump signaled that a trade deal would be coming soon
  • Oil prices lower on large EIA inventories build
  1. Reserve Bank of Australia Rate Decision (AUD)
    Tuesday, November 5th – 05:30
  2. ISM Non-Manufacturing (USD)
    Tuesday, November 5th – 17:00
  3. Unemployment Rate (NZD)
    Tuesday, November 5th – 23:45
  4. Bank of England Rate Decision (GBP)
    Thursday November 7th – 14:00
  5. Unemployment Rate (CAD)
    Friday November 8th – 15:30

The times mentioned above are in Server Time (MT4 Time).

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 14%
Short: 86%
Change w/w: 0%
Signal: Bearish

 

AUDUSD

Long: 22%
Short: 78%
Change w/w: -23%
Signal: Bearish

 

GBPUSD

Long: 14%
Short: 86%
Change w/w: -13%
Signal: Bearish

 

USDJPY

Long: 50%
Short: 50%
Change w/w: -43%
Signal: Neutral

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD is still yet to test the bearish trend line from mid 2018 highs which comes in alongside structural resistance at the 1.1217 level.

Support: 1.1024

Resistance: 1.1217

XAUUSD
t

Gold has broken above the falling wedge pattern now, keeping focus on further upside. 1522.75 is the key level to watch in the short term.

Support: 1483.91

Resistance: 1522.75

AUDUSD
t

AUDUSD has tested structural resistance at .6926, along with the bearish trend line from mid 2018 highs. The level is holding for now though while above .6850 focus is on further upside.

Support: .6850

Resistance: .6926

USDJPY
t

USDJPY has fallen back below the 108.84 level though for now is holding the bullish trend line off 2019 lows. Below here, focus will shift back to the 106.75 support

Support: 106.75

Resistance: 108.84

GBPUSD
t

GBPUSD recovered firmly off the 1.2782 level. While we remain above the broken bear trend line from 2019 highs, focus is on a further test of the 1.3033 level next.

Support: 1.2782

Resistance: 1.3033

USOIL
t

Oil prices continue to fight it out around the 55 level. Above here, focus will be on a move to the top of the range at 60 while below, focus turns back to the 51 level support.

Support: 51

Resistance: 60

 

interesting indices

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

Dow Jones

A further rate cut from the Fed last week sent equities higher and is keeping the bear-term outlook bullish for equities.

RSI: 55.3938 Bullish
Stochastic: 82.8878 Bullish
MACD: 127.96 Bullish
EMA* (30): 26836.3 Buy
EMA* (100): 26583.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Improved risk sentiment as a result of the Brexit delay and better optimism around US/China trade talks is keeping equities well supported at highs

RSI: 61.4197 Bullish
Stochastic: 84.1326 Bullish
MACD: 87.60 Bullish
EMA* (30): 7905.5 Buy
EMA* (100): 7751.2 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.