Weekly Forex Review – 21st to the 25th of March

Welcome back traders to another edition of the Weekly Forex Outlook and Review, this edition of the review for the 21st to the 25th of March Forex Market. 12 pairs and markets covered this week in the review analysing potential zones, management points and targets.

Pairs and Markets Analysed this Week:  EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, Silver ( 4 Hour ), Gold ( 4 Hour ), GBPNZD, AUDCAD, EURCAD, USDJPY and NZDCAD.

Some of last week’s price action highlights: EURUSD was once again a great performer last week in price action, pulling back to the potential continuation zone highlighted last week in the review ( the 1.1118 zone ) and moving higher from this important area. GBPUSD also moved as expected last week, pulling back to the zone highlighted last week in the review ( the 1.4220 zone ) and moving higher from this important area.

Main opportunity zones highlighted this week in the review are trend continuation type zones. Overall, expecting another great week in the market with plenty of potential opportunities ahead.

 
Above Video – Weekly Forex Outlook and Review for the 21st to the 25th of March 2016.

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EURUSD important zones and areas

Above – Two zones highlighted on EURUSD this week:

  1.  A potential management zone and target to the upside for those holding buy trades on this market and area next to the upside to look for bearish evidence and moves to the downside, that zone is the 1.1440 zone.
  2.  A potential pullback zone if the market retests this area and that is the 1.1118, an area to look for bullish evidence and potential moves to the upside if the market tests this zone once again.

EURUSD was once again a great performer last week in price action, pulling back to the zone highlighted last week in the review ( the 1.1118 zone ) and moving higher as expected from this important area.

 

GBPUSD important zones and areas

Above – Highlighting the 1.4650 zone as a potential management point and target to the upside for those holding buy trades on this market and area next to look for bearish evidence and potential moves to the downside on this market.

GBPUSD was a great performer last week, pulling back to the zone highlighted last week in the review ( the 1.4220 zone ) and moving higher as expected from this important area.

AUDCAD important zones and areas

Above – Highlighting on AUDCAD a potential pullback zone ( the 0.9850 zone ) and area next on this market to look for bullish evidence and a potential move to the upside. As an extra confluence: the 0.9850 zone aligns also with the 50% Fibonacci Retracement zone on this market.

NZDCAD important zones and areas

Above – Highlighting a potential pullback and continuation zone on NZDCAD, an area ( the 0.9040 zone ) to look for bearish evidence and moves to the downside if the market pulls back to this zone.

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. Thank you so much, been a great review, your analysis has been helpful and also the engulfing candle analysis.
    Thanks.

  2. Roger Carey says:

    Hi Timon, how are you? Thanks again for another great review, keep up the good work mate. Happy Trading.

  3. I very much appreciate you too Timon, and what you do for all of us novices, who want to be successful in trading FX.

  4. On a funny note, a few words you say a lot that with your very nice Australian accent, for some time, left me a bit wondering:
    1. What I think you are saying is “highlight”, but at first I heard “hollar” (as “shout out”).
    2. What I think you are saying is “management point”, but at first I heard “mesurement point”.

  5. William Caldwell says:

    Hi Timon, great review as usual. Just a quick one, which platform do you use to draw your charts? Also, do you ever review major structures and zones and change them? If so, how often?
    Thanks, William.

    • Hey William,
      Thanks for the feedback. The platform seen in the review is MT4, however I use both MT4 and Ctrader as trading platforms. Zones can shift slightly over time based on recent price action tests of zone, however these are just minor shifts on tests of these important areas.
      Regards,

  6. Fantastic!!!

  7. Allen Sen says:

    Thanks Tim.

    Much Appreciated.

    Kind Regards,
    Allen

  8. Thanks Timon, I always use your analysis as a double-check on my own. Have a great trading week.

  9. Kellen Hill says:

    Thank you for another great review Timon. I really appreciate the time you take to help so many of us in preparing for the upcoming week in trading. Hope you have a good week.

  10. Hi Timon
    Another great review, keep it up!
    Thanks

  11. Thank you Timon for an excellent weekly review. Great for reviewing GBPNZD as I took some partial profits before GBP pairs pulled back at the end of the week and looking for continued decline in the GBP pairs next week. Cheers mate JOhnR

  12. Faran khan says:

    Fantabulous effort by the king of price action. Thanks for the sharing your valuable experience and analysis with us kindly add Us dollar index in your review. Bundle of thanks

    • Thanks Faran, you’re welcome.
      Yeah, feedback noted on the index.

      Just to give a quick rundown on the US Index now, the area traders want to be aware of on this index to the downside is the 93.80 zone, this is an area where the buyers may try to defend again. Also, this is an area where the majors such as EURUSD, GBPUSD or AUDUSD may find weakness again ( correlation aspect ).

      Above – USD Index Weekly Chart – Click for larger view.

      Have a great trading week.

  13. Steve Ferguson says:

    Thanks for doing all the work again!!

  14. Thank You!!!!!!!!!!!!!

  15. Once again very good review Thanx appreciated

  16. Hey Timon, always looking forward for your weekly reviews. Much appreciated! Thanks a lot.

  17. Hey Timon thank you for all your work. I was wondering after buying all your material do you indulge on the weekly charts and if so could you possibly do a review for them. Thank you again.

    Best Regards,

  18. Thanks for doing all the good work again!

    Have a great trading week 🙂

    Best regards

  19. Bryan garrett says:

    Great,I got the Forex Tester 2 and am going through all your last year weekly reviews to get a real hang of it, thanks for the teaching and heads up until I can get get a real grip on it.

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