Weekly Forex Review – 18th to the 22nd of April

Welcome traders to another edition of the Weekly Forex Outlook and Review, this edition of the review this week for the 18th to the 22nd of April 2016. Aspects highlighted in the review include analysing potential high probability opportunity zones, management points and targets.

Pairs and Markets Analysed this Week
: EURUSD, GBPUSD, USDCHF, USDJPY, GBPAUD ( 4 Hour ), AUDNZD, EURCAD, USDCAD ( Weekly ) Gold, Silver ( 4 Hour ) and EURGBP.

Main opportunity zones and areas of interest highlighted this week in the review are trend continuation type zones.

 
Above Video – Weekly Forex Outlook and Review for the 18th to the 22nd of April 2016.

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

USDCHF important zones

Above – Highlighting on USDCHF this week the 0.9780 to 0.98 zone as a great management point and target to the upside for all those holding buy trades on this market. Also highlighting that the 0.9780 to 0.98 zone is a great area to the upside on this market to look for bearish evidence and a potential move to the downside on this market.

GBPAUD important zones

Above – Highlighting on GBPAUD this week a potential pullback zone ( the 1.85 zone ) on this market that if the market pulls back to this area this week, that it is a great area on this market to look for bearish evidence and a potential move to the downside from this important area.

AUDNZD important zones

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

  1. The 1.13 zone as a great area to look for bearish evidence and potential moves to the downside from this important area.
  2. The 1.0950 zone as a great area to look for bullish evidence and potential moves to the upside from this important area.

Gold important zones

Above – Highlighting on Gold this week a potential pullback zone on this market:

  1. The 1211 zone as a great area on this market to look for bullish evidence and potential moves to the upside on this market, if the market tests this zone again this week.

EURGBP important zones

Above – Highlighting on EURGBP this week the 0.79 zone as a great area on this market to look for bullish evidence and a potential move to the upside on this market.

Also highlighting in the review that this market is in a uptrend and the 0.79 zone is a great area on this market to look for potential continuation in that trend.

Midweek Forex Reviews

 
Above – Midweek Forex Review analysing and highlighting potential important areas on AUDUSD, NZDUSD and NZDCAD.

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.

Comments

  1. Thanks Timon, a great review out there.

  2. Hey Timon, thanks for your review.. question on USDJPY… you have a daily pull back zone to look for bearish evidence but if you look back the price is rejecting a daily zone…forming a bearish engulfing bar… which daily zone is more valid?
    Regards,

    • You’re welcome Chris. Been a while since I have heard from you, I hope you and your family are well.
      Yeah good question, I assume you are referring to that test from October 2014 and earlier of the 109.50 zone, that is a valid zone on this market.
      The recent structure low area on this market ( the 111.30 zone ) is more valuable between the two zones however due to this being the most recent significant structure on this market that was tested multiple times.
      Regards,

  3. Great review once again! Thanks!

  4. Thank you Timon for an excellent weekly review. Grateful for the heads-up for the EURAUD and EURCAD which gave some nice profitable trades. Got caught on the hop with CADJPY trade which went in the opposite direction to my other JPY pairs I have been trading. Cheers mate JOhnR

  5. Roger Carey says:

    Dear Timon, thanks for the review, love your work : )

  6. Bill Wagner says:

    Thanks Timon. Very helpful as usual. Really appreciate your thoughts. Kind Regards Bill Wagner.

  7. Allen Sen says:

    Thanks Tim, your work is always appreciated.
    You are a blessing.
    Many Thanks,
    Allen

  8. Thanks for this great review again!

  9. yogarajah says:

    Very detailed analysis Timon. Thank you. Please continue the good work.

  10. Joe Skosana says:

    Thank you Tim, I really appreciate your analysis, it makes trading simple.

  11. Alex Fernandes says:

    Thanks Again Timon for the updates and my analysis are same on this pairs.The reason for this is because i benefited from the 5 day trend training series. Highly recommend it for new traders.
    When i see your weekly updates and match mine with your analysis it gives me more confidence to trade in the right direction.
    Thanks Timon

  12. Thanks Timon – another great review.

    If we break to the downside of the 0.79 zone on EURGBP would you be looking at this level as new resistance, leading to a possible trend change if a H&S pattern forms? Hope that made sense….

    cheers.

    • You’re welcome, thanks John..
      Referring to if the market ( EURGBP ) does not give bullish evidence at this area ( 0.79 zone ) and a potential move to the upside and instead market breaks below zone area and closes below this important area ( break below, close below ), then yes, bias would shift to looking for pullback zones and bearish evidence and moves to the downside.
      Regards,

  13. Mustafa Jones says:

    I purchased the 5 Day Trend Training Series and love it!

  14. Like the haircut

  15. Thank you again…cheers

  16. Thanks Timon for your training, emails during the week, all helps, cheers, regds lee.

  17. great to have the mid week review. cheers!

  18. Hi Timon, I am a newbie and am so pleased I came across your site. I find the forex reviews most helpful. They are easy to read and follow. I found the Engulfing Trader Video Series and Handbook that I purchased so simple to understand and have had a bit of success following this strategy. I am now looking forward to looking at The 5 Day Trend Training Series. Keep up the great work you are doing.

    Regards,

    Geoff.

  19. Donovan Godet says:

    looking back now that the week is almost over..most of these levels held strongly and if one traded the 1 hour with engulfing candles…wouldve made some great trades..audusd, gbpusd, and eurcad for example. If kept trading 1:2 risk on the 1 hour engulfing candles wouldve made 100s of pips.

    Keep up the good work Timon.

    Simple but highly effective trading.

    Thanks

  20. I’m one of your engulfing trading subscriber (which I enjoy much reading after brought the course), however, I wish to know what’s your suggesting leverage that I ask for the trading provider, would 100:1 better than 50:1. I’m just had the US$1000 for the small account.
    By the way, I like your video for the illustration you made.

  21. Hello Timon. I have just found this site and already my forex knowledge has increased tenfold! Thank you so much.
    David.

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