Weekly Forex Review – 22nd to the 26th of May

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 May Forex Market. Aspects analysed and highlighted in the review include highlighting potential opportunity areas in the market, management points and targets.

Pairs and Markets Analysed this Week: EURUSD ( 4 Hour ), AUDUSD, NZDUSD, GBPAUD ( 4 Hour ), GBPJPY, GBPNZD ( 4 hour ), USDJPY ( 4 Hour ), USDCHF, Silver and EURGBP.

Both high probability trend continuation zones and counter trend zones highlighted this week in the review.

 
Above Video – Weekly Forex Outlook and Review for the 22nd to the 26th of May Forex Market

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audusd zones

Above – Highlighting on AUDUSD a potential pullback area on this market, that area is the 0.7492 zone area, a great area to look for bearish evidence and a potential move to the downside from this area.

nzdusd zones

Above – Highlighting on NZDUSD the 0.6870 zone area as a great area on this market to look for bullish evidence ( potential bullish opportunities on tests of this important area ) and a potential move to the upside from this area.

silver zones

Above – Highlighting on Silver this week a potential pullback area on this market, that area is the 17.12 zone area, a great area to look for bearish evidence and a potential move to the downside from this area. This market is in a downtrend at the moment and the 17.12 pullback zone area is a great area in that trend to look for potential continuation on this market.

eurgbp zones

Above – Highlighting on EURGBP the 0.87 zone area as a great long term target area for those holding buy trades on this market as well as a great area to look for bearish evidence and a potential move to the downside from this area. The 0.87 zone area is an area that I have highlighted multiple times in the past on this market in previous reviews ( to view the previous review of this market ) as a potential bearish evidence zone area and is an area on this market that has acted as strong resistance multiple times on this market.

Midweek Forex Reviews

Come back and check below for potential upcoming Midweek Reviews ( video or comment updates ) in the week ahead.
They will be added below. Have 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 for the excellent review Timon, the regular updates are really helpful.
    I recently finished the Candlestick Training Series and planning on checking out the other training soon.
    What broker would you suggest I use?

  2. hady hakim says:

    Can you do a review on GBPUSD please?

    • Hey Hady,
      Yeah sure, I can comment on that market. After that recent strong Friday price action close, it is indicating that the bulls have broken that structure area. My bias on this market now that this market has done this is looking for pullback areas to the downside to look for bullish evidence and potential bullish opportunities on this market. The 1.29 zone area now being a great area to look for potential bullish continuation on this market.

      GBPUSD daily trading zones

      Above – GBPUSD Daily – Click chart screenshot for larger view

      • Update – A quick update of GBPUSD showing the 1.29 zone area ( the 1.2888 zone area on 4 hour ) in more detail on the 4 hour chart.

        Above – GBPUSD 4 hour chart – click chart for larger chart view of this market

  3. Thanks Timon for your weekly insights for trade setups.
    Regards

  4. Hi Timon
    Thanks for weekly reviews
    Another great video again
    Could you analyze EUR/JPY?

    • You’re welcome Shahin, thanks.
      Yeah sure, on that market at the moment my bias is looking for bullish opportunities on tests of the 123 zone area ( potential bullish evidence area ) on this market. Below is my chart view of this area shown on the 4 hour chart.

      Above – EURJPY 4 hour – click chart screenshot for larger view

  5. Michael says:

    Hey Mate, Thanks, your my start to a great week of trading, Michael

  6. Hi, I would like to be apart of your trading classes, what’s your monthly fee?

  7. Hi Timon Weller! Excellent work, good reviews!

  8. Thanks Timon, hope you never get tired of doing your reviews, they are spot on. Great work.

  9. Hi, Tshepo from South Africa. I missed out on an entry on EU as it only pulled back at 1.1165 level and the continued moving up. Will it ever pull back to the 1.1085 level or continue moving up? Thank you

  10. Simon Tao says:

    Excellent analysis as i have been following your reviews for roughly a month now… on silver , imo (and speaking my mind ;)) , looks like silver is going more for a 50% entrancement to 17.40 min from mid Aprils high… do you think that is probable … or am i missing something obvious.. of course i will look at structure and price action etc but do you see an area of resistance there … or up to the 61.8% area … silver look very bullish at the moment.

  11. Hi Timon, thanks for the review. It is appreciated. Have a great trading week.

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