Weekly Forex Review – 11th to the 15th of April

Welcome back to another edition of the Weekly Forex Outlook and Review, this edition of the review this week for the 11th to the 15th of April 2016. 12 Pairs and Markets covered this week in the review highlighting potential opportunity zones, management points and targets.

Pairs and Markets Analysed this Week: EURUSD, AUDUSD, NZDUSD, USDCHF, USDJPY, EURAUD, GBPAUD ( 4 Hour ), AUDNZD, EURCAD, NZDCAD, Gold and EURGBP.

A mixed amount of zones covered this week in the review on a number of different markets, highlighting a number of important trend continuation type zones and a number of important counter trend zones. While normally my main focus is trend continuation type zones in the reviews, there is an exception at the moment on certain markets due to the US Dollar Index testing the 0.94 zone ( important bullish zone on the US Dollar Index ), an area which helps support the claim of potential strength in the US dollar while the US Dollar Index is testing this important area.

Overall, expecting a great week in the market with plenty of potential opportunities ahead.

 
Above Video – Weekly Forex Outlook and Review for the 11th to the 15th of April 2016.

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AUDUSD daily zones

Above – Highlighting this week on AUDUSD a potential management point or target zone to the downside for those holding sell trades on this market and an area next to the downside to look for bullish evidence and a potential move to the upside. That bullish zone to the downside is the 0.7350 zone, a potential bullish trend continuation type zone on this market.

Also highlighting in the review, that if this market pulls back into the 0.7635 zone again next week that this is still a great area on this market ( counter trend zone ) to look for bearish evidence and potential moves to the downside from this important area.

EURAUD daily zones

Above – Highlighting on EURAUD this week a potential management point and target to the upside on this market ( the 1.5250 zone ) for those holding buy trades on this market and also an area next to look for bearish evidence and potential moves to the downside.

USDJPY daily zones

Above – Highlighting on USDJPY this week a potential pullback zone ( the 111.30 zone ) on this market if the market pulls back into this area to look for bearish evidence and potential continuation on this market to the downside.

NZDCAD daily zones

Above – Highlighting on NZDCAD this week a potential management point or target to the downside on this market for those holding sell trades on this market, that zone is the 0.8780 zone. Also highlighting that the 0.8780 zone is a potential counter trend zone on this market, a potential area to the downside where you could look for bullish evidence and potential moves to the upside on this market, of course, being aware that it is a counter trend zone.

As this market is in a downtrend, I highlight also that if the markets retests the 0.9050 zone again in the future ( as highlighted in previous reviews this important zone to look for bearish evidence ) that this is still a great area on this market to look for bearish evidence and potential continuation to the downside 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.

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. Thanks Timon for your utube Forex Reviews.

  2. Thanks once again! Complex markets made simple…

  3. Great review again! Thank you so much Timon, you are really helping the beginners to improve their skills!

    Have a great trading week,
    Thorben

  4. John Rungen says:

    Thank you Timon,
    Have not trade in the last few months, the market has been fairly stagnant.
    Best wishes,
    John

  5. Nice review.

  6. Thanks again Timon,very much appreciate .

  7. A very big Thank You for these weekly reviews which we’d normally have to pay for anywhere else . The reviews are really helping to endorse the teaching in The Engulfing Trader series – which is extremely good!

  8. Faran Khan says:

    Thanks for your review sir, but again I’m missing the Us Index. Hope you will add next time.

    • You’re welcome Faran.
      I mention the US dollar index in the beginning of this weeks review ( written analysis ).

      The US Dollar Index is testing the 0.94 zone at the moment on the weekly chart, a potential area on this market to look for bullish evidence and potential moves to the upside. Also this Index testing the 0.94 zone helps support the claim to potential bearish moves ( correlation evidence ) on markets such as EURUSD, AUDUSD or NZDUSD while the market is testing this important area.

      Above – US Dollar Index – Weekly Chart and Market Testing the 0.94 zone. To see a larger view click the screenshot above.

      Regards,

  9. Hi Timon,

    Thanks again for the great info. I would like to connect with you on Skype. (Nazeem S). as I may have a proposition for you to consider.

    Regards,
    Nazeem

  10. Thank you Timon….I would love to find a good spot to get short on usdjpy or gbpjpy….I feel like this down trend is here for a while….hope you are well!

    • You’re welcome Sal. Yeah I am good, thanks. Hope you are well as well.
      Yeah I agree, when markets are in strong downtrends such as those looking for pullback zones and continuation on lower time frames is an option as well.
      Have a great trading week.

  11. Hi Timon, great review this week.
    The EUR/GBP seems to be at resistance of the long term weekly/monthly channel.
    Do you think it will respect the channel? Or are you completely bullish on this pair?

    • Thanks Jeff.
      Yeah, good question. I am more so bullish on this market due to the daily uptrend.
      However if you do not mind looking at counter trend zones, then yeah I agree that this is also a great area to look for bearish evidence and a potential move to the downside as well, potentially all the way down to the 0.79 zone.

      Above – EURGBP Daily showing bullish channel on this market. For a larger view click image.

      Regards,

  12. Thank you Timon for an excellent weekly review. All my JPY pairs trades have given excellent profits last week especially my favourite pair GBPJPY. Hopefully they will continue to follow the trend and continue to build on the profits already made available by the market. Cheers mate JOhnR

    • You’re welcome John. Great to hear that you caught some of those strong JPY move last week. Yeah I agree, the JPY pairs such as GBPJPY, EURJPY, USDJPY, etc have been great performers for all those that have selling these markets in the trend ( strong downtrend ).
      Regards,

  13. Great review of the market… and as always you are correct
    in every part of the analysis.
    Many thanks Timon for sharing your knowledge with us.
    Alfredo

  14. Thanks once again for great review….have a great trading week ahead

  15. Thank you Timon,

    Another excellent review.. I really appreciate it! Have a great trading week.

    Sincerely…Donna

  16. Allen Sen says:

    Great work Tim.

    Very much appreciated.

    Cheers’
    Allen

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