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 remained bid despite Fed rate cut
  • Fed cut rates yet division among policymakers poses questions for further easing
  • Oil prices were lower as market recovered from oil shock in response to Saudi attack
  1. Tuesday, September 24 – USD Consumer Confidence 1500
  2. Wednesday, September 25 – NZD RBNZ Cash Rate 0300
  3. Wednesday, September 25 – USD FOMC Rate Decision 2100
  4. Thursday, September 26 – USD GDP 1500
  5. Friday, September 27 – USD Durable Goods & PCE Core 1730

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 71%
Short: 29%
Change w/w: +40%
Signal: Bullish

 

AUDUSD

Long: 84%
Short: 16%
Change w/w: +54%
Signal: Bullish

 

GBPUSD

Long: 49%
Short: 51%
Change w/w: +9%
Signal: Bearish

 

USDJPY

Long: 82%
Short: 18%
Change w/w: +18%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD remains capped by the 1.1112 level, keeping focus on further downside

Support: 1.0914

Resistance: 1.1217

XAUUSD
t

Gold prices are testing the key 1522.75 level once again keeping focus on further upside in the near term.

Support: 1435.96

Resistance: 1522.75

AUDUSD
t

AUDUSD is back below the .6850 level keeping focus on further downside, indicating a move to fresh lows in the near term.

Support: .6758

Resistance: .6850

USDJPY
t

USDJPY is struggling around the 107.62 level having broken back beneath. While 106.75 supports however, further upside still in focus.

Support: 106.75

Resistance: 108.84

GBPUSD
t

GBPUSD has recovered firmly and is close to testing the bear channel top, having stalled at the 1.2578 resistance for now.

Support: 1.2578

Resistance: 1.2382

USOIL
t

Oil exploded above resistance at the 61.06 level though has since reversed, further consolidation likely.

Support: 58.41

Resistance: 61.06

 

interesting indices

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

Dow Jones

Equities remain supported amidst backdrop of global easing from central banks though geopolitical risk factors adding downside pressure.

RSI: 51.0245 Bullish
Stochastic: 41.1716 Bearish
MACD: 201 Bullish
EMA* (30): 26691.4 Buy
EMA* (100): 26389.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

A recovery in US dollar capped equities upside last week though outlook remains bullish.

RSI: 52.2836 Bullish
Stochastic: 51.0176 Bullish
MACD: 50.54 Bullish
EMA* (30): 7778.6 Buy
EMA* (100): 7650.8 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.