Weekly Forex Outlook and Review – 2nd to the 6th of October

Hey Guys, welcome to another edition of the Weekly Forex Outlook and Review, this edition this week for the 2nd to the 6th of October Forex Market. Aspects highlighted include highlighting potential opportunity areas ( important trend continuation and counter trend zone areas in the market ), management point areas and target areas.

Also, I take a look at how price action moved last week on multiple markets.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, EURAUD, CADCHF and EURJPY.

Multiple markets testing important trading areas at the moment, including many of the popular US based markets and cross based markets. Some markets that are testing important areas at the moment include: GBPUSD testing a potential bullish evidence area, AUDUSD testing a potential bullish evidence area, NZDUSD testing a potential bullish evidence area, USDCAD testing a potential bearish evidence area and EURAUD testing a potential bearish evidence area.

Expecting a great week in the market this week with plenty of potential opportunities.

 
Above Video – Weekly Forex Outlook and Review for the 2nd to the 6th of October Forex Market

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For more details on all the Training Series available at Forex Reviews click here.

eurusd 4 hour potential bearish evidence area

Above – Highlighting on EURUSD this week a potential pullback area, that area is the 1.1878 zone area, a great area on this market to look for bearish evidence and a potential move to the downside from this area.

Last week this market broke below and closed below the bullish low area that I highlighted last week in the review, now that the market has done this, highlighting this area as a potential bearish evidence pullback area on this market.

euraud daily potential bearish evidence area

Above – Highlighting on EURAUD that where the market is currently testing is a great area to look for bearish evidence and a potential move to the downside from this area. This is an area on this market that I have highlighted in previous reviews on this market and has acted as strong resistance multiple times in the recent past.

cadchf daily bullish evidence area

Above – Highlighting on CADCHF this week a potential pullback area on this market, that area is the 0.7719 zone, a great area on this market to look for bullish evidence and a potential move to upside from this area. At the moment, this market is in a uptrend and the 0.7719 zone area is a great area in the trend to look for a potential bullish opportunity on this market.

3 star economic events this week 2nd to the 6th of october

Above – 3 Star economic calender events this week – For economic events this week click here.

Midweek Forex Reviews

Come back and check below for potential upcoming Midweek Reviews ( video or comment updates ) in the week ahead.
They will be added below. Have great tradig week everyone and Happy Trading.

About Timon Weller

Timon Weller is the professional Writer and Trader behind the blog Forex Reviews. Timon Weller is also a professional Teacher of Price Action Trading and creator of the popular Training Series teaching people how to trade Price Action effectively called The Engulfing Trader. For other Forex Training available here at Forex Reviews click here.

For more on Timon Weller Click Here. To Learn more about How to Trade the Market and get updates Click Here.

Comments

  1. David O'Meara says:

    Thanks Timon for this weeks review.
    Happy trading.
    David

  2. Thank you Timon for an excellent weekly review. I am sitting on my hands patiently waiting for new trades to develop after a very profitable September. It has taken me years to learn not to get taken up in the moment after a profitable trading period and go and lose it all on stupid trades. Cheers mate. JOhnR

    • You’re welcome John, thanks.
      Great to hear you had a very profitable September, I wish you the best for the coming month.
      Sounds like emotional trading ( psychology ) when that cycle happened in the past, getting too confident from recent winning trades and then considering trades that you would normally pass.
      Have a great trading week mate!

  3. Hey Timon, thanks for all the regular reviews. They are gold. I got access to all your Forex training and looking forward to any future training. By the way, can I get a link to the broker you trade with? I want to check them out.
    Keep up the excellent work.. 🙂

  4. Hi Timon, thanks for the review. It is appreciated. Have a great trading week.

  5. John Connolly says:

    Hi Timon,

    Thanks for another excellent review.

    The knowledge and reviews you pass on have helped me become profitable,cheers.

  6. Hi Timon, thank you for the reviews. Appreciate all your hard work.
    Bravo and happy trading!.
    Kevin

  7. vincent foo says:

    thanks Timon for your weekly review…been very helpful always to understand the zone better.
    thank you always.

    thanks
    vincent

  8. Hi Timon,

    Excellent analysis. Very helpful. Have a great trading week.

  9. Sivashankar says:

    Thanks Timon for your alerts on this week.
    Please tell about AUD/CHF Pair

    • You’re welcome Sivashankar.
      That market is testing the 0.76 bullish evidence area at the moment, a great area on this market to look for a potential bullish opportunity.

      Above – AUDCHF Daily – click chart screenshot for larger view

  10. Bonginkosi says:

    Thanks Timon, people like you deserve to live forever.

  11. Thanks, Timon, for sharing your weekly reviews.

  12. what is your opinion on gold for this upcoming week?

    • Hey Tony,
      Recently that market ( Gold ) broke below and closed below the 1291 low area, now that the market has done this, this is a potential pullback area on this market.

      Current Trading Zones:

      1. The 1291 zone as a potential bearish evidence area on this market
      2. The 1252 zone area as a potential bullish evidence area

      Below is my chart view of this market:

      Above – Gold Daily – click chart screenshot above for larger view of this market

  13. Can you go over the weekly outlook for XAU USD please.

  14. Priceless says:

    GREAT ANALYSIS AS USUAL. THANKS TIMON FOR YOUR SELF SACRIFICING SPIRIT. WHAT IS YOUR VIEW ON XAUUSD AND USDJPY THIS WEEK?

    AWAIT YOUR USEFUL DETAILED REPLY

    BEST REGARDS,
    PRICELESS

  15. Ali Senejani says:

    Hi Timon. Thank you for the nice review. Lots of a good setups for this coming week. USDCHF is also testing a potential bearish area for sell setup.

    • You’re welcome Ali, thanks. Yes I agree, many markets testing important zones at the moment, so plenty of areas to look for a potential opportunity this week.
      Have a great week!

  16. Hi, excellent review. What do you think about EUR / GBP?
    Thanks

    • Thanks Rotem.
      Recently that market tested the 0.8760 bullish evidence area on this market.
      While price action may continue higher this week after that recent test of that bullish zone area which the bulls held, if the market pulls back and retests this area, this is still a great area on this market to look for a potential bullish opportunity.

      Above – EURGBP Daily – click chart screenshot for larger view of this market.

  17. Thanks Timon, love your teaching.

  18. Marc Nicque says:

    Dear Timon, learning your fantastic engulfing course it should not be the case to buy p.a. us/ch put. is it preferable to wait till it form an engulfing candle or to buy now while it is making an pinbar?

  19. Sivashankar says:

    Hello TIMON Please tell me about EUR/USD,USD/CAD,AUD/USD,NZD/USD
    Thank you

  20. Forex Update: Unfortunately this was one of those weeks of trading where many trading zone areas did not hold and at the same time many trends changed in the market. This is unusual probability wise, as I am highlighting mainly high probability trend continuation zones. Wishing everyone well and hope no one was effected badly by this unusual trading week.
    Regards,

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