FXPRIMUS Weekly

Get Our Analyst's insights into FX, indices and commodities.

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 out market experts each and every week!

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Market Movers

Events likely to influence the financial markets.

Coming up this week:

1. Consumer Price Index (USD)
Tuesday, Jan 14th – 15:30

2. Consumer Price Index (GBP)
Wednesday, Jan 15th – 11:30

3. Retail Sales (USD)
Thursday, Jan 16th – 15:30

4. Gross Domestic Product (CNY)
Friday, Jan 17th – 04:00

5. Retail Sales (GBP)
Friday, Jan 17th – 11:30

Last week:

• USD was higher over the week on better data, though the upside was capped by the NFP miss on Friday

• Equities traded higher in response to the calming of tensions between the US and Iran

• Oil prices are weakening over reduced Middle East fears, along with the EIA reporting an unexpected inventories build

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

Market Sentiment Gauge

See how other traders are positioned

EURUSD

Long: 55%
Short: 45%
Change w/w: 0%
Signal: Bullish

AUDUSD

Long: 50%
Short: 50%
Change w/w: 0%
Signal: Bullish

GBPUSD

Long: 39%
Short: 61%
Change w/w: 0%
Signal: Bearish

USDJPY

Long: 10%
Short: 90%
Change w/w: 0%
Signal: Bearish

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Technical Analysis

A look at our most popular trading instruments

EURUSD

EURUSD reversed back under the 1.1166 level last week and is currently retesting the broken bearish trend line, putting focus on a move back down to 1.1024 next.

 

Support: 1.1024

 

Resistance: 1.1166

XAUUSD

Gold was capped last week by the 1609.17 level resistance. While above the 1556.75 level, focus is on further upside.

 

 

Support: 1522.75

 

Resistance: 1609.17

AUDUSD

AUDUSD found support at the .6850 level last week, keeping price above the broken bearish trend line. While above here focus is on further upside.

 

 

Support: .6850

 

Resistance: .6926

USDJPY

USDJPY rallied last week though was capped by the bearish trend line and 109.71 resistance level. Near term bias remains bullish, looking for 110.58 next.

 

Support: 108.84

 

Resistance: 110.58

GBPUSD

GBPUSD is still holding above the 1.3014 level for now, following the rejection at 1.3014, if we move below here, focus will be on the 1.2781 level next.

 

Support: 1.3014

 

Resistance: 1.3377

USOIL

Oil sold off further last week, trading back below the 60 level and the broken bearish trend line. While these provide resistance, focus is on a test of 57 next.

Support: 57

 

Resistance: 60

Interesting Indices

An in-depth look at indices using technical indicators

DOW JONES

Equities were rocked by the outbreak of tensions between the US and Iran which has raised fears over potential military conflict.

 

RSI: 67.0777 Bullish

 

Stochastic: 61.4605 Bullish

 

MACD: 235.41 Bullish

 

EMA*(30): 28367.5 Buy

 

EMA*(100): 27594.1 Buy

 

*Exponential Moving Average

Nasdaq

Investors are caught between the opposing market forces of support from optimism around US/China trade negotiations and the downside pressure from geopolitical risk factors.

 

RSI: 76.0583 Bullish

 

Stochastic: 79.5290 Bullish

 

MACD: 145.54 Bullish

 

EMA*(30): 8648.1 Buy

 

EMA*(100): 8243.1 Buy

 

* EMA => Exponential Moving Average

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.

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