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 lower over the week despite positive data as equities outperformed
  • The UK avoided falling into a (technical) recession over Q3
  • October’s US CPI data showed the highest gain in seven months
  • Oil remains supported on US/China trade deal optimism 
  1. RBA Meeting Minutes (AUD)
    Tuesday, Nov 19th – 02:30
  2. Consumer Price Index (CAD)
    Wednesday, Nov 20th – 15:30
  3. FOMC Meeting Minutes (USD)
    Wednesday, Nov 20th – 21:00
  4. ECB Meeting Minutes (EUR)
    Thursday, Nov 21st – 14:30
  5. Eurozone Manufacturing PMI (EUR)
    Friday, Nov 22nd – 11:00

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 51%
Short: 49%
Change w/w: -30%
Signal: Bullish

 

AUDUSD

Long: 80%
Short: 20%
Change w/w: +33%
Signal: Bullish

 

GBPUSD

Long: 18%
Short: 82%
Change w/w: +-26%
Signal: Bearish

 

USDJPY

Long: 19%
Short: 81%
Change w/w: -+7%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD has seen a minor recovery against last week’s decline. Still below 1.1217 for now, keeping the near term outlook bearish.

Support: 1.0930

Resistance: 1.1217

XAUUSD
t

Gold has found support at the test of the lower trend line of the falling wedge pattern. While below 1481.93, however, focus still remains on further losses.

Support: 1436.19

Resistance: 1522.75

AUDUSD
t

AUDUSD has fallen back below the .6850 level, though has found support at a test of .6769

Support: .6850

Resistance: .6926

USDJPY
t

USDJPY continues to hold above 108.84 for now, keeping focus on further upside. The 110.58 structural 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  is consolidating above the broken bearish trend line. While 1.2782 supports, focus is on test of the 1.3033 level next.

Support: 1.2782

Resistance: 1.3033

USOIL
t

Oil prices are still holding above the 55 level. While here, focus will be on a move to the top of the range at 60.

Support: 55

Resistance: 60

 

interesting indices

An in-depth look at indices using technical indicators

Dow Jones

Equities remain well-bid here as investors remain optimistic about the prospect of a US/China trade deal over near-term.

RSI: 72.7714 Bullish
Stochastic: 89.1714 Bullish
MACD: 280.45 Bullish
EMA* (30): 27326.8 Buy
EMA* (100): 26809.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

On the back of the Fed’s latest rate cut, equities remain in demand as investors continue to push industriral benchmarks into fresh highs.

RSI: 71.3885 Bullish
Stochastic: 77.6911 Bullish
MACD: 114.55 Bullish
EMA* (30): 8091.5 Buy
EMA* (100): 7851.4 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.