Welcome to another edition of the Weekly Forex Outlook and Review, this edition this week for the 1st to the 5th of August Forex Market. Analysing and highlighting a number of important zones in the market including potential opportunity zones, areas to look for evidence and moves in the market, management points and targets.
Pairs and Markets Analysed this Week: EURUSD ( Daily ), GBPUSD ( 4 Hour ), AUDUSD ( Daily ), NZDUSD ( Daily ), AUDNZD ( Daily ), USDCHF ( Daily ) Silver ( 4 Hour ) and EURGBP ( 4 Hour ).
Expecting another great week in the market with plenty of potential opportunities. Main opportunity zones highlighted this week in the review are Trend Continuation type zones.
Above Video – Weekly Forex Outlook and Review for the 1st to the 5th of August.
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Above – Highlighting on EURUSD this week the 1.1150 pullback zone, an area on this market that I am interested in looking for bearish evidence and a potential move to the downside on this market. The 1.1150 zone is an area on this market that has acted as strong resistance and support multiple times on this market.
Above – Highlighing on NZDUSD the 0.7260 zone, an area to the upside on this market that I am interested in looking for bearish evidence and a potential move to the downside on this market. The 0.7260 zone is an area on this market that has acted as strong resistance multiple times in the recent past on this market.
*Last week NZDUSD was a great performer in price action moving strongly higher from the 0.70 zone on this market, the 0.70 zone was an area that I have highlighted in the last couple of reviews on this market as a area that I was interested in looking for bullish evidence and a potential move to the upside.
Above – Highlighting on EURGBP this week two potential areas where I am interested in looking for evidence next on this market and potential moves:
- The 0.83 zone for looking for bullish evidence and potential moves to the upside on this market from this area.
- The 0.8570 zone for looking for bearish evidence and potentials moves to the downside on this market from this area.
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.