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

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 19th to the 23rd of September Forex Market. Highlighting a number of important areas in the market, areas to look for evidence and potential opportunities, management points and targets. 11 markets analysed this week in the review, including many of the majors, popular cross based markets and commodities such as Gold and Silver.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, NZDUSD, EURGBP, USDCHF, AUDCAD, GBPJPY, Gold, Silver and EURNZD.

Expecting a great week in the market this week with plenty of potential opportunities. Both high probability trend continuation type zones and counter trend zones highlighted this week in the review.

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

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eurusd important areas

Above – Highlighting on EURUSD this week the 1.1140 zone as a great area on this market to look for bullish evidence and a potential move to the upside from this area. The 1.1130 to 1.1140 zone is an area that has acted as strong support multiple times in the recent past on this market.

eurgbp important areas

Above – Highlighting on EURGBP this week the 0.86 zone as a great area to the upside on this market to look for bearish evidence and a potential move to the downside from this area. The o.86 zone is an area that has acted as strong resistance multiple times in the recent past on this market.

The previous zone that I highlighted on this market in a recent review was the 0.8330 zone, an area where I highlighted on this market as an area where I was interested in looking for bullish evidence and a potential move to the upside from this area.

usdchf important areas

Above – Highlighting on USDCHF this week the 0.9830 zone as a great area to the upside on this market to look for bearish evidence and a potential move to the downside from this area.  The 0.9830 zone is an area that has acted as strong resistance multiple times in the recent past on this market.

gbpjpy important areas

Above – Highlighting on GBPJPY this week the 129.40 zone as a great area on this market to look for bullish evidence and a potential move to the upside from this area. The 129.40 counter trend zone is an area on this market that has acted as strong support multiple times in the recent past on this market.

gold important areas

Above – Highlighting on gold the 1313 zone, an area 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 from this area.

The 1313 zone is an area which I have highlighted in multiple previous reviews on this market and it has acted as strong support multiple times in the recent past.

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.

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 Tim for another great analysis.

  2. Another great review Timon.
    What’s your take on support and resistance, supply and demand area’s.?
    How do you identify these as valid or no longer valid?

    Thank you.

    • Thanks Anthony,
      Yeah good question, support and resistance zones are always valid to a certain degree, however if a zone has been broken multiple times in recent market activity then it means that traders are seeing that area as less value than it used to be, then this area can be removed from the chart. Regards,

  3. Hey Timon,
    Hope you are well.. Thanks for the weekly review.. Was funny all my pairs that I have orders on you actually covered this week especially my short trade in GBP/JPY.. Was nice to see my zoning is a lot better now looks like the engulfing trader has finally kicked in… Wanted to ask your NZDUSD review. I noticed price is at support but on the weekly chart a very significant pin bar has formed at a very good area.. So which would be more wise to look at weekly or daily.. Thanks and have a good week , Chris

    • You’re welcome Chris, great to hear. Also, yeah I am good thanks. Hope you are well as well.
      Yeah sure, great question, both are valid views of the market ( both weekly and daily ) however to align weekly with the daily view you would want to see the zone on daily broken below to align with weekly view.
      Have a great trading week.

  4. Barrie Strong says:

    EUR / CAD …maybe a good sell opportunity (4 – hour chart) and could it be that AUD / NZD is a buy opportunity? The 8 EMA has crossed the 20 SMA on the 4-hour chart.

    Anyway many thanks again Timon…hope your trading week goes well.

  5. Thanks Tim. Happy trading everyone!

  6. Thank you Timon for another great review!

  7. Some great info again – especially about the news events and being a bit cautious…

  8. Thank You Timon!

  9. Another great trading video, thanks for the market update.

  10. Hey Timon
    Another great weekly review – good trading!!

  11. Great review.
    Many thanks Timon for your continuous help.

  12. Ishtiaque Shah says:

    Thanks Tim with your analysis I have been able to keep it going my $250 account. There was time when each trade was going against me but now with your training videos and weekly analysis have taught me patience with reward 🙂 Greatly appreciated!

  13. Thanks again Timon for a great review and have a great trading week too.

  14. You the man Timon, thanks for this great review.

  15. Frank Nilson says:

    Hi Timon, thanks for the review. It is appreciated. Just one question, Bollinger bands. Are your settings the same for all currency combinations and what are your settings?

  16. Hey T,

    what time frame do you generally use for entering a position? I often find that the daily engulfing candles are sometimes too big to justify the risk\reward – do you use the daily and weekly charts to look for potential setups and then drop down to the 4hr or 1hr to find the actual candles?

    cheers,
    John

  17. Hi Timon.

    Thank you for the great analysis. I am just about to close my sell trade on GBPUSD with about 150pips.

    Appreciate your great analysis.

  18. Hi Timon
    l had a great trading week especially on Gold and EURUSD. Thanks to you

    What’s your view on USDCAD for the coming trading week.

    Appreciate your great analysis indeed

  19. Thanks timon for that powerful analysis

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