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 continues trading higher as traders focus on weakening Fed easing expectations
  • Equities were stalled by Trump impeachment risks though US/China trade optimism offset downside
  • Oil prices were lower on a further bearish report from the EIA highlighting rising US crude stores
  1. Monday, September 30 – GBP Q2 GDP 1130
  2. Tuesday, October 1 – AUD RBA Cash Rate 0730
  3. Tuesday, October 1 – EUR CPI 1200
  4. Tuesday, October 1 – USD Manufacturing PMI 1700
  5. Friday, October 4 – USD NFPs & Unemployment Rate 1530

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 86%
Short: 14%
Change w/w: +15%
Signal: Bullish

 

AUDUSD

Long: 87%
Short: 13%
Change w/w: +3%
Signal: Bullish

 

GBPUSD

Long: 72%
Short: 28%
Change w/w: +23%
Signal: Bullish

 

USDJPY

Long: 12%
Short: 88%
Change w/w: -70
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD tested 1.0914 support last week which holds for now, though focus is on a further break lower, eyeing 1.0820 next.

Support: 1.1112

Resistance: 1.0820

XAUUSD
t

Gold prices are forming a potential head and shoulders at the rejection from the 1522.75 level. A beak of 1481.93 could signal a much deeper move.

Support: 1481.93

Resistance: 1522.75

AUDUSD
t

AUDUSD is holding on the .6758 level for now though the risk of a deeper break remains the near-term bias.

Support: .6690

Resistance: .6850

USDJPY
t

USDJPY is testing above the bearish trend line once again, keeping the focus on a further push higher.

Support: 106.75

Resistance: 108.84

GBPUSD
t

GBPUSD has fallen back through the 1.2382 level after being rejected ahead of the bear channel top. Bias remains bearish near term.

Support: 1.2578

Resistance: 1.2382

USOIL
t

Oil has stalled around the 55 level having reversed back below the 58.41 level this week, bias remains negative for now.

Support:55

Resistance: 58.41

 

interesting indices

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

Dow Jones

Against the backdrop of reduced Fed easing expectations, USD has risen recently which has stalled upside in equities.

RSI: 53.9425 Bullish
Stochastic: 43.9127 Bearish
MACD: 201 Bullish
EMA* (30): 26752.3 Buy
EMA* (100): 26437.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

A recovery in US dollar weighed on equities over the week though trade war optimism is keeping risk sentiment supported.

RSI: 49.1236 Bearish
Stochastic: 40.7596 Bearish
MACD: 21.78 Bullish
EMA* (30): 7777.5 Buy
EMA* (100): 7663.8 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.