Weekly Forex Review – 19th to the 23rd of June

Welcome back traders to this week’s edition of the Weekly Forex Outlook and Review, this edition of the video review for the 19th to the 23rd of June Forex Market. Aspects highlighted in the review include potential opportunity zones in the market ( high probability trading areas ), management points and targets. Plus, I review how the price action moved last week on multiple markets.

Trend continuation zones and counter trend zones highlighted this week in the review.

Pairs and Markets Analysed this Week
: EURUSD ( 4 Hour ), GBPUSD ( 4 Hour ), AUDUSD, NZDUSD, Gold, EURNZD, USDJPY ( 4 Hour ), USDCHF ( 4 Hour ), GBPJPY and CADCHF.

Expecting a great week in the market with plenty of potential opportunities.

 
Above Video – Weekly Forex Outlook and Review for the 19th to the 23rd of June Forex Market

Are You Looking for an Effective Trading Strategy?

If so, then I highly recommend checking out our Forex Training Page. On that page are four current Training Series available. The Engulfing Trader Series for important high probability trading training, The 5 Day Trend Training Series for trend trading training and the more recent training release called The Candlestick Training Series for multiple candlestick trading and evaluating potential reward.

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

audusd daily fx trading zones

Above – Highlighting on AUDUSD this week a potential pullback area which is the 0.7492 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area. The 0.7492 zone area is an area that has acted as strong resistance and support multiple times in the recent past on this market.

eurnzd daily fx trading zones

Above – Highlighting on EURNZD this week two zones:

  1. The 1.5430 zone area as a potential area on this market to look for bullish evidence and a potential move to the upside from this area.
  2. The 1.5740 zone area as a potential area on this market to look for bearish evidence and a potential move to the downside from this area.

usdjpy 4 hour fx zones

Above – Highlighting on USDJPY this week a potential pullback area which is the 110.35 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area, potentially a move all the way up to the 112.11 zone area.

gold daily fx 1250 zone

Above – Highlighting on Gold this week the 1250 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

Gold recently performed well testing the 1293 zone area and giving a strong move lower from this area, the 1293 zone area was a potential bearish evidence area that I highlighted recently in this review.

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 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. Kevin Oh says:

    Hi Timon,
    Thank you for the review. Greatly appreciate your efforts.
    Have a great and profitable week ahead.
    Cheers!

  2. Thanks Timon, Thanks for all the hard work. Well done

  3. Thanks Timon and have a good trading week.

  4. Thanks Timon, well done.
    What do you suggest for usdcad? Thanks

    • You’re welcome Toby, thanks.

      USDCAD declined strongly last week in price action and is currently testing the 1.3285 bullish evidence zone, the bulls have been defending this area as seen in the recent pin bar test in this zone. As long as price action stays within or connected to this zone area and does not break below and close below ( full body close below ) this area my bias remains bullish on this market.

      Above – USDCAD Daily – click chart screenshot for larger view of this market

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

  6. Thanks Timon,
    It’s always a blessing to receive your weekly updates.

  7. Great review as always, thanks again Timon, have a great week.

  8. Your updates help to set the tone of the market.
    Great help.
    Thanks
    Dave L.

  9. izuchukwu ubah says:

    Nice one brother, am just new in this game looking forward to learn and to know more about Forex. You do a good job, keep it up. Hope to learn more from you, thanks.

  10. Thanks for another review, have a great week.

  11. THANKS TIMON FOR YOUR GREAT HELP!

  12. Phil Rowell says:

    Hi Timon…
    Thanks for another great market overview – always good to see where you are placing support and resistance compared to my own =]
    In your videos when you talk about bull/bear evidence at a potential ‘zone’ – i’m really interested in what you specifically look for and at which time frame. For example do you look mainly look for engulfing candles at a certain timeframe – or is it different for every chart every time?
    I’d really like to get to the point where I have a small set of identifiers that I could use to confidently identify entry points.
    Hope that makes sense – and have a great week!

    Phil

    • You’re welcome Phil, thanks for the comment.
      Evidence such as what I refer to in the weekly reviews as Bullish evidence or Bearish evidence is an aspect I go over in detail in the Forex Training at the website such as in The Engulfing Trader, The 5 Day Trend Training Series and The Candlestick Training Series. It includes aspects such as aligning candlesticks ( engulfing, pin bars, railroads, etc ), structure retests, trend evidence and retracement confluences at an important area in the market.
      As for time frame, this depends on trader preference. I do not use a set evidence trading time frame, however the main time frames I use are the 1 hour, 4 hour and daily when looking for evidence and potential opportunities at important areas. What I will often do is keep an eye on all three time frames when a market is testing an important area.
      Regards,

  13. John Connolly says:

    Hi Timon,
    Thanks for the review a great help for a novice.
    Could you advise what is the best platform to be trading on preferably one with a pivot point indicator and
    real time economic news.

  14. Thanks Timon, great help mate.

  15. Forex Update – EURUSD has pulled back to retest the 1.1126 zone area ( a potential bullish evidence area on this market ).
    Regards,

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

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