Weekly Forex Outlook & Review – 3rd to the 7th of July

Welcome back traders to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 3rd to the 7th of July Forex Market. Aspects highlighted in the review include highlighting potential opportunity areas ( High Probability trading areas ), management points and targets.

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

Pairs and Markets Analysed this Week:
EURUSD ( 4 Hour ), GBPUSD, AUDUSD, NZDUSD, GBPJPY, CHFJPY, Silver, AUDNZD, USDCHF and GBPAUD.

For economic events this week click here.

Highlighting both trend continuation zones and counter trend zones this week in the review.

 
Above Video – Weekly Forex Outlook and Review for the 3rd to the 7th of July Forex Market

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

eurusd 4 hour technical trading bias areas

Above – Highlighting on EURUSD this week the 1.1363 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area. Also, if this market happens to pullback that bit further to test the 1.1250 zone area, this is also a great area on this market to look for bullish evidence and a potential move to the upside from this area.

Last week EURUSD performed well for all those holding buy trades on this market such as myself, moving to test the management point high area ( the 1.1250 area ) and breaking above this level and moving all the way up the 1.1360 zone area which was a potential long term target area on this market. These were areas on this market that I highlighted in the previous weekly review. Also in this recent video tip update on How to Improve Probability of Hitting Your Long Term Target I used the recent EURUSD trade as an example.

audusd daily technical trading bias areas

Above – Highlighting on AUDUSD this week two zones:

  1. The 0.7718 zone area as a great area on this market to look for bearish evidence and a potential move to the downside from this area.
  2. The 0.76 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

The more preferred zone area on this market is the 0.76 zone area as this market is in a uptrend at the moment.

nzdusd daily technical trading bias areas

Above – Highlighting on NZDUSD this week two zones:

  1. The 0.7230 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.
  2. The 0.7375 zone area as a great area on this market to look for bearish evidence and a potential move to the downside from this area.

The more preferred zone area on this market is the 0.7230 zone area as this market is in a uptrend at the moment.

gbpaud daily technical trading bias areas

Above – Highlighting on GBPAUD this week a potential pullback area which is the 1.7126 zone area as a potential target area for those holding buy trades on this market, as well as a great area on this market to look for bearish evidence and a potential move to the downside from this area.

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 trading 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. Thank you Timon for an excellent weekly review. Last week saw some volatility especially with the weaker Yen. My confluences showed some excellent opening trades especially with my favourite pair, GBPJPY. Cheers mate. JOhnR

  2. Thank you Timon for your insights on the trends and zones this week.

  3. Thanks Timon great review you made my week!!!!!!!!!!! what do you think about usdcad? thanks

    • You’re welcome Toby, thanks for the feedback.

      USDCAD had another strong decline last week. At the moment this market is testing the 1.3040 bullish zone area ( deeply in this area ), baring in mind this is a counter trend zone on this market.
      My main bias on this market at the moment is looking for pullbacks areas to the upside to look for bearish evidence and potential bearish opportunities on this market.

      Above – USDCAD Daily – click chart screenshot for larger view

      Above – USDCAD Daily zoomed out – click chart screenshot for larger view

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

  5. Hi Timon
    Thanks for weekly reviews another great video again.
    Could you analyze EURGBP and GOLD in daily time frame?

    • You’re welcome Shahin, thanks.
      Yeah sure, will comment on those below:

      Above – Gold Daily – click chart for larger view. At the moment gold is in-between the 1250 zone area and the 1218 zone area. The 1250 zone area is a great area on this market to look for bearish evidence and a potential move to the downside from this area. The 1218 zone area is a great area on this market to look for bullish evidence and a potential move to the upside from this area.

      Above – EURGBP Daily – click chart for larger view. EURGBP is still testing the 0.8758 zone area which is a potential bearish evidence area on this market.

  6. wasfi cheaito says:

    thank you, great help

  7. Thanks Timon, Best wishes

  8. Thanks Timon for another great review. I may have asked before but I can’t remember. Just wondering if you also trade on indices as well, and which are the best ones to trade. Thanks again for your help.

    • You’re welcome Shane, thanks.
      Yeah sure, however I do not trade indices as much as currency markets.
      One of my favourite indices is S&P 500.
      Regards,

      Above – S&P 500 12 hour chart – click chart for larger view

  9. Thanks Timon, have a great week mate.

  10. travis ninowsky says:

    Hi Timon, curious if you ever analyze wti oil???

  11. Simon Morsley says:

    Check out Silver!!

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