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 was higher as better data has seen Fed rate cut expectations fading further
  • EU slashed its economic forecasts amidst global uncertainty
  • OPEC revised its global oil demand forecasts, lowering by 7% over the next four years
  • Equities remain supported by US/China trade deal expectations
  1. RBNZ Rate Decision (NZD)
    Wednesday, November 13th – 03:00
  2. Consumer Price Index (GBP)
    Wednesday, November 13th – 11:30
  3. Consumer Price Index (USD)
    Wednesday, November 13th – 15:30
  4. Unemployment Rate (AUD)
    Thursday, November 14th – 02:30
  5. Retail Sales (GBP)
    Thursday, November 14th – 11:30

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 81%
Short: 19%
Change w/w: +64%
Signal: Bearish

 

AUDUSD

Long: 47%
Short: 53%
Change w/w: +25%
Signal: Bearish

 

GBPUSD

Long: 44%
Short: 66%
Change w/w: +30%
Signal: Bearish

 

USDJPY

Long: 12%
Short: 88%
Change w/w: -38%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD reversed ahead of testing the bearish trend line from mid 2018 highs and is now testing the 1.1024 suuport. Below here, focus will be on the 1.0930 level next.

Support: 1.0930

Resistance: 1.1217

XAUUSD
t

Gold has broken down below the 1481.93 support and is testing the bottom of the falling wedge pattern. Below here, 1436.19 is the next level to watch.

Support: 1436.19

Resistance: 11522.75

AUDUSD
t

AUDUSD was capped by the bearish trendline from mid 2018 highs and is now testing .6850 support.Next level to watch below here is the .6688 region.

Support: .6850

Resistance: .6926

USDJPY
t

USDJPY is holding above 108.84 for now, keeping focus on further upside. The 110.58 structiral level, along with the bearish trend line from 2018 highs, is the next zone to watch.

Support: 106.75

Resistance: 110.58

GBPUSD
t

GBPUSD has reversed after forming a lower high and is now testing 1.2782 support. Below here, the retest of the broken bearish trend line from 2018 highs will be next focus.

Support: 1.2520

Resistance: 1.3033

USOIL
t

Oil prices continue to hold above the 55 level. While above here, focus will be on a move to the top of the range at 60 next.

Support: 55

Resistance: 60

 

interesting indices

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

Dow Jones

With rates lower yet again in the US and traders expecting a US/China trade deal this month, equities remain well supported at highs.

RSI: 67.1986 Bullish
Stochastic: 89.0561 Bullish
MACD: 233.67 Bullish
EMA* (30): 27067.3 Buy
EMA* (100): 26678.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

The near term outlook remains positive for equities. However, keep an eye on US economic data this week as any upside surprises could fuel a stronger USD, weighing on equities.

RSI: 68.4597 Bullish
Stochastic: 85.5880 Bullish
MACD: 113.91 Bullish
EMA* (30): 7996.5 Buy
EMA* (100): 7796.5 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.