Welcome back traders to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 22nd to the 26th of August Forex Market. Analysing and highlighting many important zones in the market this week 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 ), EURAUD ( Daily ), Gold ( Daily ) and EURGBP ( 4 Hour ).
Both high probability trend continuation type zones and counter trend zones analysed this week in the review.
Above Video – Weekly Forex Outlook and Review for the 22nd to the 26th of August.
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Above – Highlighting on EURUSD this week two potential zones:
- The 1.1413 zone as a area that I am interested in looking for bearish evidence on this market and a potential move to the downside.
- The 1.1130 zone as a area that I am interested in looking for bullish evidence on this market and a potential move to the upside.
Above – Highlighting on GBPUSD this week that if this market retests the 1.2880 zone area that this is an area where I am interested in looking for bullish evidence again on this market and a potential move to the upside from this area.
Last week GBPUSD performed well, moving strongly higher from last week’s review highlighted zone on this market ( the 1.2880 bullish evidence zone ).
Above – Highlighting on EURAUD this week the 1.4860 zone as a great area on this market to look for bearish evidence and a potential move to the downside from this area. The 1.4860 is an area that has acted as resistance and support multiple times in the past on this market and is also a potential continuation zone in the trend.
Above – Highlighting on Gold this week a potential pullback zone to the downside on this market, that zone is the 1314 zone, a great area on this market to the downside to look for bullish evidence on this market and a potential move to the upside from this area. Like I have highlighted in previous recent reviews on Gold in the past, this market is in a uptrend and while it is in that trend, my preference on this market is looking for pullback moves to the downside on this market and areas to the downside to look for bullish opportunities on this market.
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.