Weekly Forex Review – 16th to the 20th of January

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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nzdusd h4

Above – Highlighting on NZDUSD this week:

  1. The 0.7120 zone where the market is testing now as a great area on this market to look for potential bearish opportunities
  2. 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.

cadjpy h4

Above – Highlighting on CADJPY this week in the review two potential areas:

  1. 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.
  2. 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.

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. Hi Timon
    Please make analysis about GBPJPY trend?

    Thanks

    • Hey Ali,
      My bias on that market is bearish and looking at pullback areas on this market to the upside. Recently also this market broke below the 138.70 zone which was an important structure point on this market.

      A great area on this market at the moment is the 138.77 pullback area as a potential area to the upside on pullbacks and tests of this area to look for bearish evidence and potential moves to the downside from this area.

      Above – GBPJPY 4 Hour view – click for larger view of this market.

  2. Robin Dowd says:

    Thanks Timon. Well done

  3. Hi Timon, thanks for your update.

    I allready took a short position on the AUD/NZD because of the pin bar and two nice red daily candles. Do you think i acted to fast?

    Kind regards. rene

  4. pankaj sharma says:

    What do you say about USDJPY?

    • Hey Pankaj,
      I did not mention USDJPY this week due to the upcoming inauguration on the 20th of January this week which can cause extra volatility in the market in particular on US based markets. In other words I limited the amount of US based markets this week in the review.
      I am happy to share my view on that market though, just be aware that it can be impacted by that upcoming event this week.

      My main bias on this market at the moment is bearish and looking at bearish pullback areas for potential bearish moves on this market. Recent pullback area tested was the 115.12 zone.

      Below is my current chart view of this market.

      Above – USDJPY 4 Hour view – click for larger view – The 115.12 as a potential bearish area and the 113.23 as a potential bullish area on this market.

  5. Thank you Timon for an excellent weekly review. Grateful to you for highlighting NZDUSD last week which gave a nice short term trade. I appreciate you reviewing CADJPY. I closed all my long- term CAD trades last week and your review has made me notice that CAD pairs may be entering a period of sideways movement. Opened a number GBP short trades as confluences are suggesting it will be discounted before Article 50 in March. Hope it falls to parity with the USD. It would be greatly help our Brexit ambitions. Cheers mate. JOhnR

    • You’re welcome John, thanks. Yeah I agree, GBP has been a great performer for the sellers since Brexit and yeah sure there could be more downward pressure on that market in particular leading up to that event.
      Regards,

  6. Hello

    Great to have you back. I’m in the Euro now on a buy trade from last week. It went up a bit more than you mentioned that it might go down so now I dont know what to expect. What’s your feeling about it now? is it worth staying in or is it safer to go out now? Waiting to hear your great advice!!

    • Thanks Toby, my bias is the same on that market as last week unless the market breaks above and closes above ( full candle close above ) the 1.0550 to 1.0617 bearish zone area. Last week the market did give a move lower from this area however was met by buyers midweek though the week which pushed price back up to retest this area deeply again.
      Regards,

      Above – EURUSD daily – click for larger view

  7. Hi Timon.

    Big gap down on GPB/USD on market opening this morning. I’ll be watching this with interest see which way it moves. As always, thanks for another great review.

  8. Hi Timon

    Thank you for this week’s review .

  9. Hello Timon thanks again for a great review and have a great trading week.

  10. pankaj sharma says:

    Thank you sir.

  11. Donovan Godet says:

    Thanks for the levels this week Timon. Still holding my EURCAD. Very clean trade.

    Please keep this up. Your views are always helpful.

  12. Forex Update: EURCAD was a great performing market this week ( 16th to the 20th of January ) moving strongly higher from the 1.3886 zone area, a potential bullish evidence area that I highlighted in the review. Now this market is potentially about to test the 1.4295 zone area, which is a great potential target for those holding buy trades on this market, as well as a great area to look for bearish evidence and a potential move to the downside from this area.

    Above – EURCAD Daily – click for larger view

  13. HI Timon,
    As always a big fan of yours neat and clean analysis, and always waiting for your next one, can you please tell us when you will share your analysis for next week Jan 23 ~ Jan 27.

    Warm wishes,

    Rahat

  14. HI Timon,
    As always a big fan of yours neat and clean analysis, and always waiting for your next one, can you please tell us when you will share your analysis for next week Jan 23 ~ Jan 27?

    Warm wishes,

    Rahat

    • Hey Rahat,
      Thanks for the comment.
      I avoided this recent review due to the recent US inauguration event.
      There will be a review this weekend for the 30th of January to the 3rd of February.
      In the meantime if you have a question on a particular market or pair, then let me know..
      Regards,

  15. Please any update on this week 23-27th January 17. I have been checking all day yesterday.

    • Hey Juliet,
      I avoided this recent review ( 23rd to the 27th of January ) due to the recent US inauguration event.
      There will be a review coming out this Sunday for the 30th of January to the 3rd of February.
      In the meantime if you have a question on a particular market, then let me know..
      Regards,

  16. hi tim is this weeks review out thanks tom

    • Hey Tom,
      I avoided this recent review ( 23rd to the 27th of January ) due to the recent US inauguration event.
      There will be a review this weekend for the 30th of January to the 3rd of February.
      In the meantime if you have a question on a particular market, then let me know..
      Regards,

  17. Forex Update: EURCAD was a great performing market again this week testing the 1.4295 zone ( potential bearish evidence area highlighted in last update on this market ) and moving strongly lower from this area.
    Last update on this market before test of this area – http://www.forexreviews.info/weekly-forex-review-16th-to-the-20th-of-january/#comment-59971

    To the downside, the 1.3886 zone is a great potential long term target for those holding sell trades on market as well as a great area to look for bullish evidence and potential moves to the upside from this area again.

    Above – EURCAD Daily – click screenshot for larger view

  18. Sameer Kureshi says:

    Hey Timon,

    Are u providing Forex Signals Directly which would help us with trading? and u set ur fees for that? Thanks

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