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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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.
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.
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.
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.