Welcome to the Weekly Forex Review, a regular update here at Forex Reviews where I highlight a number of high probability trading areas ( opportunity zones ) in the Forex Market, areas to look for evidence and potential moves in the market, management points and targets. This week’s review and analysis is for the 10th to the 14th of October Forex Market.
Pairs and Markets Analysed this Week: EURUSD ( 4 Hour ), AUDUSD ( 4 Hour ), NZDUSD, EURNZD, EURAUD, AUDJPY, NZDCHF and USDCHF.
The reason for not covering GBP based markets this week was due to the unfortunate recent crash on these markets. I will not be highlighting GBP based markets until these markets price action settles. I commented on the recent crash after it happened last week in the review here.
Main zones highlighted this week in the review are high probability trend continuation type zones.
Above Video – Weekly Forex Outlook and Review for the 10th to the 14th of October
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Above – Highlighting on AUDUSD this week a potential pullback area on this market, that area is the 0.7450 zone, a great area to look for bullish evidence and a potential move to the upside on this market.
Above – AUDUSD on the 4 hour chart.
Above – Highlighting on EURAUD this week a potential pullback area on this market, that area is the 1.4860 zone, a great area to look for bearish evidence and a potential move to the downside on this market. The 1.4860 zone is an area that has acted as strong support multiple times in the recent past on this market.
Above – Highlighting on NZDCHF this week a potential area to the downside on this market, that area is the 0.6930 zone, a great area to look for bullish evidence and a potential move to the upside on this market. The 0.6930 zone is an area that has acted as strong support multiple times in the recent past on this market.
Midweek Forex Reviews
Come back and check this space for potential upcoming Midweek Reviews in the week ahead. They will be added here.
Have a great trading week everyone and Happy Trading.