Weekly Forex Review – 23rd to the 27th of October

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition for the 23rd to the 27th of October Forex Market. Aspects highlighted in the video review include analyzing how price action moved last week on multiple markets as well as highlighting potential opportunity areas, management point areas and target areas.

Pairs and Markets Analysed this Week: EURUSD ( 4 Hour ), GBPUSD, NZDUSD, USDCAD ( 4 Hour ), AUDCHF, USDCHF, USDJPY and CADCHF.

Potential trading areas highlighted this week include both high probability trend and counter trend areas.

For economic events this week click here.

 
Above Video – Weekly Forex Outlook and Review for the 23rd to the 27th of October Forex Market

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For more details on all the Training Series available at Forex Reviews click here.

EURUSD trading areas 23rd to 27th of october

Above – Highlighting on EURUSD this week two zones:

  1. The 1.1877 zone area as a great area on this market to look for bearish evidence and a potential move to the downside from this area.
  2. The 1.17 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

EURUSD has been a great performer this month giving multiple moves from important zones. Recent previous update of this market.

NZDUSD daily trading areas 23d to 27th of october

Above – Highlighting on NZDUSD this week two zones:

  1. The 0.7058 zone area as a great area on this market ( potential pullback area ) to look for bearish evidence and a potential move to the downside from this area.
  2. The 0.6870 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area. Baring in the mind that the 0.6870 zone area is a counter trend zone area on this market.

Last week NZDUSD pulled back, wick testing the 0.72 zone area, area highlighted in the previous review on this market as a potential bearish evidence area and gave a strong continuation move to the downside in the trend.

usdchf daily trading areas 23rd to 27th of october

Above – Highlighting on USDCHF the 0.9863 zone area as a potential target area for those holding a buy position on this market, as well as a great area on this market to look for bearish evidence and a potential move to the downside from this area. Potentially all the way back to the 0.97 zone area once again.

Midweek Forex Reviews

Come back and check below for potential upcoming Midweek Reviews ( video or comment updates ) in the week ahead.
Have a great trading week! 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 your weekly review Timon and have a good week.
    Regards
    David

  2. Love your reviews. Thanks for spending the time on getting this done and being so generous – giving us these reviews without charge. For some reason I did not get your review last week and I really missed it. Hope you are okay.
    Regards,
    Mary

    • Thanks Mary, you’re welcome.
      Yeah I am fine, thanks for asking. 🙂
      Unfortunately, last week I did not have time to do the review so that is the reason you did not get the video update.
      Regards,

  3. Thanks Timon keep up the good work.

  4. Great review Timon. I’m really learning a lot from your videos …
    What do you say about eurjpy? Area 134.234 appears to be a resistance area. What do you think?
    Thanks

    Appreciate
    Rotem

    • Thanks Rotem.
      Yes, that is a potential resistance area on that market.
      My only comment on it would be to be aware that it is a counter trend zone on that market.

      Above – EURJPY Daily – click chart screenshot for larger view of this market

      • Hi Timon
        Would u mind clarifying what you mean by a counter trend zone?
        Thanx
        David

        • Hey David,
          Yeah sure, a counter trend area is an area opposed to that markets current trend.
          So as an example with EURJPY that market is in a uptrend at the moment ( referring to daily uptrend ) and the 134.21 zone area is a counter trend area, however the 131.25 zone area is a trend continuation type zone area.
          Regards,

  5. Bonginkosi says:

    Thank you Timon, we really appreciate your work.

  6. Barrie Strong says:

    Thanks Timon.
    CAD / JPY could be a good sell opportunity this week?

  7. Hi Timon. Thanks very much for your time and weekly review. I have been watching these reviews for two years now. I still enjoy receiving them on a Sunday morning.

    Have a great week.

    Gary

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

  9. Good day Timon, can you kindly give me your out look on xau/usd? Thank-you

    • Good day Tony,
      Yeah sure. My bias on that market has not changed from the last recent review of this market ( last video review ). Recently this market gave a nice bearish opportunity from the 1291 bearish evidence area. I am expecting more potential continuation to the downside on that market at least to that previous major low.

      Above – Gold Daily – click chart screenshot for larger view of this market

  10. Hi Timon, thank you for your weekly reviews. Have a great week!

  11. Ali Senejani says:

    Hi Timon. The review was great as always. GBPCAD gave us a good profit in the past week.

  12. Hi Timon,
    Thank you for this great forex analysis.
    Did you ever thought about making a video about one of your recent trades? It would be very interesting to see how you react to your analysis in live markets.

    Regards Tom

  13. Forex Update – NZDUSD getting very close to testing the 0.6871 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area.

    NZDUSD daily trading areas

    Above – NZDUSD Daily – click chart screenshot for larger view of this market

  14. Hi Timon, what you think about CHF/JPY? Is it bouncing up from the zone right nowin 4h chart? Appreciate your help.
    Best regards

    Marek

  15. Hey Timon,
    how do you place the price in the box on the right side of your support/resistance lines?

    Thank you for your great support of all new traders.

    Regards, Tom

    • Hey Tom,
      You are referring to price labels ( left or right price label ) which can be found under Insert >> Arrows >> Left Price Label ( or Right Price Label )
      You’re welcome, thanks for the feedback!
      Regards,

  16. Hi Timon,

    Some great pairs there with FED and BOE meetings this week. Sure to be some fireworks! Thanks for all the time and effort you put in.

    Have a great week.

    Gary

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