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 lower over the week as negative data weighed on sentiment
  • Equities recovered initial losses on the week as US data disappointments revived Fed easing expectations
  • Oil prices were lower as concerns for the global economy added bearish pressure
  1. Wednesday, October 09 – USD Fed’s Chair Powell Speech 1800
  2. Wednesday, October 09 – USD FOMC Minutes 2100
  3. Thursday, October 10 – GBP BoE’s Governor Carney Speech 1220
  4. Thursday, October 10 – EUR ECB Monetary Policy Meeting Accounts 1430
  5. Friday, October 11 – CAD Unemployment Rate 1530

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 31%
Short: 69%
Change w/w: -50%
Signal: Bearish

 

AUDUSD

Long: 57%
Short: 43%
Change w/w: -30%
Signal: Bullish

 

GBPUSD

Long: 65%
Short: 35%
Change w/w: -8%
Signal: Bullish

 

USDJPY

Long: 87%
Short: 13%
Change w/w: +75%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD rallied off 1.0914 support but remains within the recent bearish channel, keeping focus on further downside.

Support: 1.0914

Resistance: 1.1024

XAUUSD
t

Gold prices remain hemmed in between support at 1481.93 and resistance at the 1522.75 level.

Support: 1481.93

Resistance: 1522.75

AUDUSD
t

AUDUSD is holding at the .6690 for now which could act as a short-term bottom, putting focus on a recovery higher.

Support: .6690

Resistance: .6850

USDJPY
t

USDJPY is holding at the 106.75 level support for now which could prove to be the right shoulder of a large inverted head & shoulders pattern.

Support: 106.75

Resistance: 108.84

GBPUSD
t

GBPUSD has fallen back through the 1.2382 level after being rejected ahead of the bear channel top. Bias remains bearish near term.

Support: 1.2181

Resistance: 1.2382

USOIL
t

Oil bounced off the 50.93 support though tone remains heavy and, unless we clear back above 55, focus remains on further downside.

Support: 50.93

Resistance: 55

 

interesting indices

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

Dow Jones

Soft US data has revived expectations of further Fed easing, keeping equities supported on the recent dip.

RSI: 47.6977 Bearish
Stochastic: 25.1802 Bearish
MACD: -18 Bearish
EMA* (30): 26656.3 Buy
EMA* (100): 26438.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

A softer USD has stemmed the decline in equities, keeping focus on a further move higher in the near term.

RSI: 44.4988 Bearish
Stochastic: 37.1308 Bearish
MACD: -17.89 Bearish
EMA* (30): 7745.5 Buy
EMA* (100): 7663.4 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.