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 collapsed over the week as data weakness and dovish FOMC minutes weighed on sentiment
  • Equities rallied over the week on US/China trade deal optimism as negotiations resumed
  • Oil prices shrugged off another bearish EIA report to trade higher on trade deal hopes.
  1. Tuesday, October 15 – AUD RBA Meeting Minutes 0330
  2. Wednesday, October 16 – GBP CPI 1130
  3. Wednesday, October 16 – USD Retail Sales 1530
  4. Thursday, October 17 – AUD Unemployment Rate 0330
  5. Friday, October 18 – CNY GDP 0500

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: -17%
Signal: Bearish

 

AUDUSD

Long: 43%
Short: 57%
Change w/w: -14%
Signal: Bearish

 

GBPUSD

Long: 24%
Short: 76%
Change w/w: -31%
Signal: Bearish

 

USDJPY

Long: 6%
Short: 94%
Change w/w: -81%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD rallied off 1.0914 support to break above the recent bearish trend line. While above 1.1024, focus is on a push to 1.1112 next.

Support: 1.0914

Resistance: 1.1112

XAUUSD
t

Gold prices are clinging to 1481.93 support for now. A break lower here opens up 1436.19 next.

Support: 1436.19

Resistance: 1522.75

AUDUSD
t

AUDUSD rallied off .6690 and is headed back towards next resistance at the .6850 level with the bearish trend line from 2019 coming in above.

Support: .6690

Resistance: .6850

USDJPY
t

USDJPY has rallied firmly off 106.75 support testing two-week highs. Above 108.84 outlook is firmly bullish.

Support: 106.75

Resistance: 108.84

GBPUSD
t

GBPUSD burst above 1.2382 and the bearish trend line from 2019 highs and is now testing 1.2660.

Support: 1.2382

Resistance: 1.2775

USOIL
t

Oil continues to recover off the 50.93 level though is still capped by the 55 level. Focus remains bearish below here.

Support: 50.93

Resistance: 55

 

interesting indices

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

Dow Jones

Increasing Fed easing expectations helped support equities this week as the USD sold off.

RSI: 49.9913 Bearish
Stochastic: 59.9960 Bullish
MACD: -35.99 Bearish
EMA* (30): 26623.3 Buy
EMA* (100): 26444.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Alongside a softer USD, optimism around the current US/China trade talks is helping boost risk sentiment.

RSI: 58.2066 Bullish
Stochastic: 71.9073 Bullish
MACD: -3.99 Bearish
EMA* (30): 7743.5 Buy
EMA* (100): 7670.4 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.