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

This edition of the Weekly Forex Outlook and Review for the 18th to the 22nd of September Forex Market. Aspects highlighted in the review include reviewing how price action moved last week on multiple markets, as well as highlighting potential opportunity areas ( important trading zone areas ), management point areas and target areas.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, NZDUSD, Silver, Gold, USDCAD, CADCHF, EURNZD, GBPCAD, USDCHF and CADJPY.

Expecting a great week in the market with plenty of potential opportunities. Majority of the opportunity areas highlighted this week in the review are trend continuation type zones.

For economic events this week click here.

 
Above Video – Weekly Forex Outlook and Review for the 18th to the 22nd of September Forex Market

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gold technical trading areas

Above – Highlighting on Gold a potential pullback area, the 1291.44 zone area, that if the market tests this area this week, that this area is a great area on this market to look for bullish evidence and a potential move to the upside from this area.

My bias on Gold at the moment is similar to Silver, highlighting a potential bullish evidence pullback area on this market in the trend.

usdcad technical trading areas

Above – Highlighting on USDCAD the 1.2422 zone ( potential bearish evidence pullback area ), that if the market tests this area this week, that this area is a great area on this market to look for bearish evidence and a potential move to the downside from this area. USDCAD is currently in a strong downtrend at the 1.2422 pullback area is a great area in that trend to look for potential continuation.

eurnzd technical trading areas

Above – Highlighting on EURNZD a potential pullback area, the 1.6166 zone area, that if the market tests this area this week, that this area is a great area on this market to look for bullish evidence and a potential move to the upside from this area. At the moment this market is in a uptrend and the 1.6166 zone area is a great area on this market in the trend to look for potential continuation.

Midweek Forex Reviews

Come back and check below for potential upcoming Midweek Reviews ( video or comment updates ) in the week ahead.
They will be added below. Have great trding 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. Thank you Timon for your excellent weekly review. Grateful to you highlighting NZDUSD and AUDUSD last week. Also pleased you highlighted GPBNZD the week before as I then checked all confluences for GBP especially the weekly charts and MMAs which showed there was a potential change of direction. Outstanding profits so far on all GBP trades. Cheers mate. JOhnR

  2. Thanks Timon, a great review this week.
    I made a very nice trade selling EUR/GBP this week.

  3. Istvan Bencze says:

    You are great Timon, thanks for your hard work.

  4. Hi, Thanks for the weekly review, hope to use it this week.
    I’m new here, and I was very impressed. Great website!

  5. Hi Timon, thanks for the review. It is appreciated. Have a great trading week.

  6. WONDERFUL ANALYSIS AS USUAL. ONE THING I LIKE ABOUT TIMON AND HIS ANALYSIS IS THAT PRICE 80% OF THE TIME RESPECTS YOUR HIGHLIGHTED LEVELS ESPECIALLY USDCAD, AUDUSD AND NZDUSD. I HAVE BANKED OVER 300PIPS FOLLOWING YOUR WEEKLY REVIEWS + ENGULFING TRADER TRAINING VIDEOS. I WILL SUGGEST ANYONE WHO WANTS TO MAKE IT AS A STRESS FREE TRADER TO ORDER YOUR TRAINING SERIES (VIDEOS) AS ITS SELF EXPLANATORY.

    ONCE MORE THANKS.

  7. Ali Senejani says:

    Thank you for the nice review Timon. I had good profits on USDCHF and GBPCAD last week. Lots of nice setups for next week.

    • You’re welcome Ali, thanks.
      Have a great trading week!

      • Ali Senejani says:

        Thanks Timon. Please share your views on crude oil (Brent) if you get time. Thank you.

        • You’re welcome Ali,
          Yeah sure. Below screenshot shows the zone areas that I have highlighted on that market at the moment. At the moment this market is testing the 50.27 price level which is a potential bearish evidence area on this market.

          Baring in mind that at the moment this market is in a uptrend at the moment and the more preferred trading area in the trend is the 47 zone area ( potential bullish evidence area ).

          Above – XTIUSD 4 Hour Chart – click chart screenshot above for larger view of this market

  8. Marc Nicque says:

    Dear Timon,
    Just here for a couple of weeks and looking forward to see your review, very interesting and a lot to learn from.
    What about the pairs going the opposite way that you are suggesting, are you reporting it in your next speech or are you being silent about it??

    • Hey Marc,
      Welcome to the website. Feel free to check out the many articles, topics and subscribe to email updates.
      Every week I cover in the reviews some the markets that I am watching that week often including many of the popular major markets and cross based markets.
      If a market is not covered in the review, then feel free to ask in the comments about a particular market.
      Regards,

  9. Hi Timon
    Thanks for weekly reviews.

  10. hello! great review!
    do you trade USDCNH?
    looking for bearish evidence at the moment for possible nice move down. Am I right?
    thank you

    • Thanks Albert.
      Yeah, good question, not a market I trade often that one.
      Below is my chart view of this market at the moment and the trading zone areas I have marked on this market at the moment.

      1. The 6.57 zone area a potential bullish evidence area
      2. The 6.62 zone area a potential bearish evidence area

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

  11. TIMON YOUR ANALYSIS IS BEING CONFIRMED AS PRICES FOR GOLD, USDCHF, EURUSD, GBPCAD ETC JUST ENTERED YOUR BUY AND SELL ZONES. CAN YOU PLS CONFIRM EURUSD (DAILY) FOR HEAD AND SHOULDERS PATTERN?

    • Hey Priceless, yeah a lot of markets testing important zones at the moment.
      Yes, that is a potential bearish head and shoulders pattern on EURUSD daily.
      In order to validate as a potential bearish pattern price would need to break below the bullish evidence low area.
      Regards,

  12. Forex Update – EURUSD pulling back to retest the 1.1886 zone area which is a potential bullish evidence area on this market. A great area on this market to look for a potential bullish opportunity if the right sort of evidence forms in this zone area.

    Above – EURUSD 4 Hour chart – click chart screenshot for larger view of this market

  13. Hi Timon

    EURCAD appears to be in a management area at the moment at 1.472 and has for a few days.
    Would you hold and wait for price action or close your trade and take what profits you can get?

    • Hey David,
      Yes, it is testing the 1.4759 zone area which is a potential management point / target area from the 1.4540 zone bullish evidence area.
      If you are holding a positive reward trade ( compared to risk ) then this is a great area to take half profits or bit more.

      EURCAD 4 Hour

      Above – EURCAD 4 Hour – click chart screenshot above for larger view of this market.

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