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 over the week despite the FOMC meeting minutes noting a more dovish tone than expected
  • ECB’s Lagarde called for European leaders to step up fiscal spending to help support the ECB’s monetary policy goals
  • UK and European manufacturing PMIs remained in contractionary territory over the month prior
  • Oil remains supported on US/China trade deal optimism
  1. RBA’s Lowe speaks (AUD)
    Tuesday, Nov 26th – 11:05
  2. CB Consumer Confidence (USD)
    Tuesday, Nov 26th – 17:00
  3. RBNZ’s Orr speaks (NZD)
    Wednesday, Nov 27th
  4. Chicago PMI (USD)
    Wednesday, Nov 27th – 16:45
  5. Gross Domestic Product (CAD)
    Friday, Nov 29th – 15:30

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 73%
Short: 27%
Change w/w: +22%
Signal: Bullish

 

AUDUSD

Long: 81%
Short: 19%
Change w/w: +1%
Signal: Bullish

 

GBPUSD

Long: 40%
Short: 60%
Change w/w: +22%
Signal: Bearish

 

USDJPY

Long: 27%
Short: 73%
Change w/w: +8%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD has posted 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 prices continue to move lower beneath the 1481.93 level though, for now, remain within the falling wedge pattern. While the structure holds we could still see a break higher.

Support: 1436.19

Resistance: 1522.75

AUDUSD
t

AUD/USD continues to hold at the .6779 level support. A break below here will turn focus back to the .6716 level next.

Support: .6779

Resistance: .6850

USDJPY
t

USD/JPY has fallen back below the 108.84 level though remains supported on dips, suggesting a move above the level is likely.

Support: 106.75

Resistance: 108.84

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 found strong support at another test of the 55 level last week. While above here, the focus will be on a move to the top of the range at 60 next.

Support: 55

Resistance: 60

 

interesting indices

An in-depth look at indices using technical indicators

Dow Jones

Equities have been a little weaker in recent trading as the market awaits clarity on US/China trade negotiations. For now, however, optimism is keeping sentiment supported.

RSI: 64.1605 Bullish
Stochastic: 43.7389 Bearish
MACD: 253.16 Bullish
EMA* (30): 27418.0 Buy
EMA* (100): 26889.5 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

The FOMC minutes confirmed that the Fed is looking to remain on hold in the near term though concern over the risks to the US economy mean that further easing is not yet ruled out.

RSI: 64.3316 Bullish
Stochastic: 50.0007 Bullish
MACD: 95.62 Bullish
EMA* (30): 8137.1 Buy
EMA* (100): 7884.6 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.