Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition of the review this week for the 18th to the 22nd of January 2016. Analysing 10 pairs and markets this week, including many of the major currency pairs, some cross based pairs and commodities.
Pairs and Markets Analysed this Week ( including looking at potential high probability opportunity zones, management points and targets ): EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD ( 4 Hour ), USDCHF, Silver, Gold, AUDNZD and EURCAD.
Main opportunity zones and areas of interest highlighted this week in the review are trend continuation type zones as well as highlighting a few high probability counter trend zones.
Above Video – Weekly Forex Outlook and Review for the 18th to the 22nd of January 2016.
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Above – Highlighting this week on EURUSD the 1.0830 zone where the market is testing right now as a great area on this market to look for bullish evidence and a potential move to the upside. Other zone on EURUSD to be aware of is the 1.1117 zone to the upside.
Above – Highlighting this week on USDJPY a potential pullback zone, that zone is the 118.69 zone as an area on this market if the market pulls back to this zone next week to look for bearish evidence and a potential continuation lower on this market. Other zone highlighted in the review on USDJPY is the 116.20 zone as a potential counter trend zone and a potential management point and target to the downside for those holding sell trades on this market. The 116.20 zone is also an area to the downside where you can look for bullish evidence and a potential move to the upside on this market. However of course, being aware that the 116.20 zone is a counter trend zone on this market.
Above – Highlighting this week on Gold this week in the review the 1080 zone area where the market is testing right now as a great area to look for bullish evidence and a potential move to the upside on this market.
Above – Same as last week’s review on AUDNZD, this week highlighting the 1.0570 zone as a potential area to look for bullish evidence on this market.
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.