FXPRIMUS Weekly

Start Trading Now!

 
 

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 heavily lower last week as further data weakness has increased October Fed rate cut expectations
  • Equities remained supported over hopes that the US and China will sign the ‘Phase One’ trade deal agreed on October 10
  1. Tuesday, October 22 – CAD Core Retail Sales 1530
  2. Thursday, October 24 – EUR German Manufacturing PMI 1030
  3. Thursday, October 24 – EUR ECB Rate Decision 1445
  4. Thursday, October 24 – USD Durable Goods 1530
  5. Thursday, October 24 – USD Manuafcturing PMI 1645

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 7%
Short: 93%
Change w/w: -7%
Signal: Bearish

 

AUDUSD

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

 

GBPUSD

Long: 23%
Short: 77%
Change w/w: -1%
Signal: Bearish

 

USDJPY

Long: 9%
Short: 91%
Change w/w: +3%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD continues to rally higher, putting focus on a test of the 1.1217 level next with the bearish trend line from August 2018 highs coming in there also.

Support: 1.1024

Resistance: 1.1217

XAUUSD
t

Gold is still clinging to 1481.93 support for now within the falling wedge pattern which has formed at highs, keeping focus on further upside.

Support: 1436.19

Resistance: 1522.75

AUDUSD
t

AUDUSD is continuing to push higher, currently challenging the .6850 level. Above here focus will be on the .6928 level and the bearish trend line from 2019 highs.

Support: .6690

Resistance: .6926

USDJPY
t

USDJPY has stalled at 108.84 resistance though focus remains on a further break higher. Above here, the 110.66 level is the next key resistance. Here we also have the bearish trend line from 2018 highs.

Support: 106.75

Resistance: 108.84

GBPUSD
t

GBPUSD has broken above the 1.2782 level and the bearish trend line from 2018 highs. While above here, focus is on a further push to 1.3033 next.

Support: 1.2782

Resistance: 1.3033

USOIL
t

Oil pries remain hemmed in against resistance at 55 as the recovery off 50.93 continues. Above 55, 57.35 is the next level to watch.

Support: 50.93

Resistance: 55

 

interesting indices

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

Dow Jones

A weaker US dollar is keeping equities supported, though an uncertain backdrop regarding Brexit and the US/China trade talks is adding downside risks.

RSI: 51.9131 Bullish
Stochastic: 85.9799 Bullish
MACD: 57.73 Bullish
EMA* (30): 26707.3 Buy
EMA* (100): 26490.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Weakness in USD as a result of increased Fed rate cut expectations is keeping the outlook bullish for equities in the near term despite downside risks.

RSI: 589.5620 Bullish
Stochastic: 87.8634 Bullish
MACD: 3920 Bullish
EMA* (30): 7790.5 Buy
EMA* (100): 7692.4 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.