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 higher last week, despite further US data weakness
  • Another three-month Brexit delay has been requested of the EU by the UK, which has yet to be decided on
  • Oil prices were higher on a bullish EIA report which showed an unexpected drop in US crude stores
  1. Bank of Canada Rate Decision (CAD)
    Wednesday, October 30th - 16:00
  2. FOMC Rate Decision (USD)
    Wednesday, October 30th – 20:00
  3. Bank of Japan Rate Decision (JPY)
    Thursday, October 31st – all day
  4. NFP & Unemployment Rate (USD)
    Friday, November 1st – 14:30
  5. ISM Manuafcturing PMI (USD)
    Friday, November 1st – 16:00

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: -+%
Signal: Bearish

 

AUDUSD

Long: 45%
Short: 55%
Change w/w: +3%
Signal: Bearish

 

GBPUSD

Long: 27%
Short: 73%
Change w/w: +4%
Signal: Bearish

 

USDJPY

Long: 7%
Short: 93%
Change w/w: -2%
Signal: Bearish

technical analysis

Analysis of some of our top-traded markets.

EURUSD
t

EURUSD failed just ahead of the 1.1217 level though while above 1.1024 focus remains on a further move higher to test 1.1217 along with the bearish trend line.

Support: 1.1024

Resistance: 1.1217

XAUUSD
t

Gold is breaking above the falling wedge pattern suggesting a resumption of the bull trend. 1522.75 is the key level to watch in the short term.

Support: 1481.93

Resistance: 1522.75

AUDUSD
t

AUDUSD has fallen back below the .6850 level for now. While below here there is the risk of a move back down to the .6690 lows.

Support: .6690

Resistance: .6926

USDJPY
t

USDJPY remains 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 is retesting the 1.2782 level from above. While we remain above the broken bear trend line from 2019 highs, focus is on a further test of the 1.3033 level next.

Support: 1.2782

Resistance: 1.3033

USOIL
t

Oil prices have broken back above the 55 level putting focus on a further move higher to test the 60 level next.

Support: 55

Resistance: 60

 

interesting indices

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

Dow Jones

Upside in equities has paused over recent sessions, though expectations that the Fed will cut rates this week is likely to mean further rallying.

RSI: 51.46 Bullish
Stochastic: 834.1249 Bullish
MACD: 47.77 Bullish
EMA* (30): 26737.3 Buy
EMA* (100): 26520.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Along with Fed rate cut expectations, positive developments within US/China trade talks is keeping the outlook positive for equities.

RSI: 55.91 Bullish
Stochastic: 42.6119 Bullish
MACD: 37.89 Bearish
EMA* (30): 7823.5 Buy
EMA* (100): 7713.2 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.