Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition of the review for the 20th to the 24th of February Forex Market. Aspects highlighted in the review include highlighting potential opportunity zones in the market, management points and targets.
Pairs and Markets Analysed this Week Include: EURUSD, GBPUSD, NZDUSD, USDCHF, USDJPY ( 4 Hour ), AUDCHF, EURAUD, AUDNZD and CADJPY.
Multiple markets last week tested important zones, areas that were highlighted last week in the review. Some of those markets include EURUSD, AUDUSD, NZDUSD, USDCHF, EURCAD and USDCAD.
Both trend continuation zones and counter trend zones highlighted this week in the review.
Above Video – Weekly Forex Outlook and Review for the 20th to the 24th of February Forex Market
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Above – Highlighting on EURUSD this week that if the market retests the 1.0550 zone this week that this is still a great area on this market to look for bullish evidence and a potential move to upside from this area.
For those holding buy trades on this market from last week: Potentially this market could continue higher all the way up to retest to those previous highs or potentially all the way up to the 1.0863 zone area.
Above – Same zones shown on EURUSD on the 4 hour chart showing previous test of the 1.0550 zone area ( potential bullish evidence area highlighted last week in the review ).
Above – Highlighting on NZDUSD this week a potential management point ( previous low area ) and target to the downside ( 0.7124 zone area ) for those holding sell trades on this market, as well as highlighting that the 0.7124 zone area is a great area to the downside on this market to look for bullish evidence and a potential move to the upside from this area.
The 0.7235 zone area where the market recently tested and declined, was an area that I highlighted last week in the review as a potential bearish evidence area on this market.
Above – Highlighting on USDJPY where the market is testing right now which is the 112.63 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.
Above – Highlighting on AUDCHF this week a potential pullback area on this market which is the 0.7616 zone, a great area on this market to look for bullish evidence and a potential move to the upside 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 great trading week everyone and Happy Trading.