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 last week despite mixed data as traders reacted to a more confident tone from president Trump
  • Equities were firmly higher over the week as traders reacted to a more moderate tone from the US and China
  • Oil prices were a little higher, but initial gains were tempered by news of fresh record highs in US crude production.
  1. Tuesday, September 3 – AUD RBA Rate Decision 0730
  2. Tuesday, September 3 – USD ISM Manufacturing & Employment 1700
  3. Wednesday, September 4 – AUD GDP 0430
  4. Wednesday, September 4 – CAD BOC Rate Decision 1700
  5. Friday, September 5 – USD NFP & Unemployment Rate 1530

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 95%
Short: 5%
Change w/w: +54%
Signal: Bullish

 

AUDUSD

Long: 93%
Short: 7%
Change w/w: 0%
Signal: Bullish

 

GBPUSD

Long: 73%
Short: 27%
Change w/w: +5%
Signal: Bullish

 

USDJPY

Long: 50%
Short: 50%
Change w/w: -27%
Signal: Neutral

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD has been heavily sold over recent sessions with price breaking beneath the 1.1025 level support, putting focus on the bear channel low next at the 1.0914 level, where we also have structural support.

Support: 1.0914

Resistance: 1.1112

XAUUSD
t

Gold prices broke back beneath the 1522.75 level last week, suggesting the risk of a deeper move lower. Topside, next level to watch is the 1568.44 level.

Support: 1439.08

Resistance: 1568.44

AUDUSD
t

AUDUSD continues to consolidate between the .6677 and .6836 levels, where price has spent the whole of August.

Support: .6677

Resistance: .6836

USDJPY
t

USDJPY found support once again at the 105.07 low, though for now the recovery remains capped by the 106.76 level.

Support: 105.07

Resistance: 106.76

GBPUSD
t

GBPUSD remains in the middle of the bearish channel running from year-to-date highs. For now, 1.2382 remains the key topside level to watch.

Support: 1.2382

Resistance: 1.20

USOIL
t

Oil was capped once again by the bearish trend line from July highs, putting focus on a further test of the 51.27 support next.

Support: 51.27

Resistance: 60.91

 

interesting indices

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

Dow Jones

Equities stuck a more bullish tone last week in light of better communications between the US and China, who each sounded more willing to cooperate than previously.

RSI: 52.5745 Bearish
Stochastic: 69.689 Bullish
MACD: -114.52 Sell
EMA* (30): 26244.4 Buy
EMA* (100): 26210.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Equities were back in demand last week despite a stronger USD, as traders remained optimistic around US/China negotiations.

RSI: 50.2836 Bullish
Stochastic: 52.3066 Bullish
MACD: -29.59 Sell
EMA* (30): 7619.6 Buy
EMA* (100): 7589.1 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.