Weekly Forex Review – 15th to the 19th of August

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 15th to the 19th of August 2016 Forex Market. Analysing and highlighting many important zones in the market this week including potential opportunity zones, areas to look for evidence and moves in the market, management points and targets.

Pairs and Markets Analysed this Week: EURUSD ( Daily ), GBPUSD ( Daily), AUDUSD ( Daily ), NZDUSD ( 4 Hour ), Silver ( 4 Hour ),EURAUD ( 1 hour ), USDCAD ( Daily ), AUDNZD ( Daily ) and USDCHF ( Daily ).

Expecting a great week in the market this week with plenty of potential opportunities. Main opportunity zones highlighted in the review are Trend Continuation type zones.

Above Video – Weekly Forex Outlook and Review for the 15th to the 19th of August.

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

nzdusd zones 15th august

Above – Highlighting two zones on NZDUSD that are of interest this week:

  1. The 0.71 zone as a area to look for bullish evidence and a potential move to the upside
  2. The 0.7270 zone as a area to look for bearish evidence and a potential move to the downside

nzdusd zones 4 hour zoomed-out

Above – NZDUSD 4 Hour Zoomed Out.

silver zones 15th august

Above – Highlighting on Silver this week that I am interested in looking for bullish evidence and potential moves to the upside from the 19.40 zone on this market. This is also a zone that has acted as strong support multiple times on this market and a area that I have highlighted multiple times in previous reviews.

usdcad zones 15th august

Above – Highlighting on USDCAD the 1.2870 zone, an area that if the market tests this area this week that I am interested in looking for bullish evidence on this market and a potential move to the upside from this area.

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.


  1. I like your Weekly Forex Reviews. I use them to check against (& confirm) my analysis & my structure levels. I only recently started using the Engulfing Strategy live & it has proved to be very profitable than any strategy I used before (extremely predictable!). I want to see where I will end up at end of this month (already over 40% over a very short period) & I want to maintain & improve this trend & establish consistency over a longer period.

  2. Hello Timon,
    Thanks for your weekly review.
    I just wanted to know which company charts are you using in the review as my charts are not same as your even though I am using NY Close chart.

    Kind regards,

    • You’re welcome Syed.
      Yeah sure, the charts seen in the review are the MT4 platform with ICMarkets.
      They also use New York Close Charts. Sounds like your broker has a slight different New York close such as 1 to 2 hour difference.
      Have a great trading week!

  3. Graham Gooding says:

    Hi Timon
    Just wondering which of your courses would help me identify the bullish or bearish evidence at the zones you suggest on your weekly forex reviews.

  4. Hey Timon,
    Cheers for the review fella. Bit of a funny one with eur/usd and USDCHF both looking on the down eh. I guess one of them will show us it true colours in the week. Thanks again great review.

    Chris from england

    • Hey Chris,
      You’re welcome. Yeah I know what you are saying in relation to opposing correlations on those markets. To be fair though, a up move on USDCHF, then potential for a down move on that market. This upward pullback on USDCHF would potentially lead to a down move on EURUSD, enough potentially to break the test low or further.

  5. Frank Nilson says:

    Thanks for the Weekly Review. It is appreciated. Enjoy the week ahead.

  6. Sorry to add to my last message to any person who has not purchased anything from Timons site. I have the engulfing trader series, Trend trader series and candle stick series.. although I may not use all at the same time I can clearly says from a newbie once that its incredible and easy material.. this month already I am up over 5% for the month. Thanks Timon for all you do mate.


  7. Thank you once again for sharing your forex weekly analysis.

  8. Thanks once again. Good trading!

  9. Hey Timon
    Another great weekly review – much thanks!

  10. Thank you so much Timon! I was really disappointed that you didn’t do a review last week. I haven’t had such a good week;( and I wait for your reviews!! I’m in the NZD/USD bearish. Can you advise if you think it will continue going down or should I try a different pair for now.?? Waiting to hear your amazing advice!

    • Hey Robert,
      Thanks for the feedback. That weekend was my daughters birthday, so unfortunately could not get time to do the video review for that week ( 8th to the 12th of August ). In future as a solution, unless it is a holiday period, if I cannot do a video review, I will make sure to do a written review here of the markets that I am looking at that week – http://www.forexreviews.info/category/trade-setups/
      Depending on where you sold that market, I would recommend seeing the low area on NZDUSD where the market is testing now as a management point area with potential down to the 0.71 zone.

  11. Thank you Timon for an excellent weekly review. I want to express my gratitude to all the hard work you put into producing these weekly video’s. I first tripped over one of your video’s in March 2012 and have been consistently watching your weekly reviews since January 2014. To all the NEW subscribers to your Youtube channel, if you want to succeed in Forex Trading, read Timon’s blog on his website, watch the Price Action Mindset video’s and essentially buy his Forex Training video’s which are the best value anywhere on the internet! My favourite video is http://www.forexreviews.info/learning-patience-in-trading-price-action-traders-mindset-part-9/ This and the training videos changed me from a sloppy amateur to a dedicated, consistent and profitable trader. Cheers mate. JOhnR

    • You’re welcome John, thanks for the feedback on the website and for following the website. Always great to hear from those that have been following the website for a long time.

  12. Andrew Williams says:

    Thanks again Timon for a great review keep up the good work its very appreciated have a great week.

  13. Hi again.

    I made a buy trade for the USD/CAD at 1.29. thought it will go up. So far it has been going down. What would you think will happen? Should I stick it out? or should I just take the loss and see to another trade? Thanks for your great advice!!

    • Hey Robert, I am assuming you are out of that trade now, what time frame did you trade that market? The reason I ask, is that this market gave a nice move higher from the 1.2880 to 1.2860 zone on the 1 hour, not a long term move however.
      For future reference on a setup like that and to have a small stop loss, place stop below with a bit of room below the test low at that area looking left.

  14. Hey Timon,
    I have a question which is what pairs do you usually follow?
    I’d like to thank you for your answers, efforts and especially the trader mindset video series. Now I’m understanding the forex market better.

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