Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 16th to the 20th of January Forex Market. Aspects highlighted this week in the review include highlighting potential opportunity zones, management points and targets.
Pairs and Markets Analysed this Week Include: AUDUSD, NZDUSD ( 4 Hour ), GBPUSD, AUDNZD, USDCHF, Gold, Silver, EURCAD, EURNZD and CADJPY ( 4 Hour ).
Upcoming event this week: As mentioned in the beginning of the review, be aware that there is a upcoming major event this trading week at the end of the week ( 20th of January ) which is the Trump Inauguration. This event is where Donald Trump transitions from President Elect to the 45th President of the United States. Leading up to this event the market overall could be more volatile than usual, in particular on US based markets.
Both high probability trend continuation zones and counter trend zones highlighted this week in the review.
Above Video – Weekly Forex Outlook and Review for the 16th to the 20th of January Forex Market
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Above – Highlighting on NZDUSD this week:
- The 0.7120 zone where the market is testing now as a great area on this market to look for potential bearish opportunities
- The 0.6970 zone as a great pullback area on this market, a potential area to look for bullish evidence and a potential move to the upside from this area. The 69.70 zone was the same zone that I highlighted last week in the review which performed well on this market as a potential bullish evidence area on this market.
Above – Highlighting on AUDNZD the 1.0580 zone as a great area on this market to look for bearish evidence and a potential move to the downside on this market.
Above – Highlighting on CADJPY this week in the review two potential areas:
- The 88.60 zone as a potential area to look for bearish evidence area on this market and a potential move to the downside from this area.
- The 86 zone as a potential area to look for bullish evidence area 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 great trading week everyone and Happy Trading.