Welcome everyone to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 13th to the 17th of June Forex Market. 12 markets analysed this week highlighting potential opportunity zones, areas to look for evidence and potential moves from these important areas and potential management points and targets.
Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, NZDUSD ( 4 Hour ), CADCHF, USDJPY, USDCHF, USDCAD, AUDCAD, Gold, Silver and CHFJPY.
As discussed in the beginning of the review this week, over the next couple of week’s I am expecting extra volatility in the market, this is due to a lot of upcoming major news events this week, in particular on Thursday the 16th of June ( Australian Time ) and also because of the lead up to the British referendum ( commonly referred to as Brexit ) which is the following week on the 23rd of June. Because of this combination of upcoming factors I recommend to traders trading during this period to reduce risk and exposure on their trading account.
Update – I will not be doing a review for the 20th to the 24th of June 2016 due to the upcoming UK referendum vote that week. I am expecting this will cause huge amounts of volatility ( and unexpected moves ) in the market and so is best avoided for trading during this period.
Opportunity zones highlighted this week in the review are high probability Trend Continuation Zones and Counter Trend Zones.
Above Video – Weekly Forex Outlook and Review for the 13th to the 17th of June 2016.
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Above – Highlighting on AUDUSD this week the 0.7360 zone as a potential area to the downside on this market to look for bullish evidence and a potential move to the upside on this market from this area. For a larger screenshot view of this market click here or on the image.
Above – Highlighting on USDCAD the 1.2930 zone as a potential pullback zone on this market to the upside and area to look for bearish evidence and a potential move to the downside if the market tests this important area this week.
Above – Highlighting on Silver a potential management point and target to the upside on this market for traders still holding buy trades on this market and area next to the upside to look for bearish evidence and a potential move to the downside from this area. That area is the 17.80 zone.
Above – Highlighting on CHFJPY this week a potential pullback zone on this market and area to the upside to look for bearish evidence and a potential move to the downside on this market. That area is the 112.30 zone.
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.