Weekly Forex Review – 24th to the 28th of October

Welcome back to another edition of the Weekly Forex Review, this edition this week for the 24th to the 28th of October Forex Market. This week analyzing 12 markets including highlighting potential opportunity zones, management points and targets.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD ( 4 Hour ), NZDUSD, USDCHF, CADJPY,  EURCAD, EURNZD, NZDCAD, Gold, AUDNZD and EURGBP.

Some of the markets that performed well last week include:

  1. EURCAD hitting the long term target and moving higher from the 1.43 zone, a bullish evidence area highlighted last week in the review.
  2. EURNZD hitting its long term target from the 1.5580 zone all the way to the 1.5130 zone ( the 1.5580 zone was a previously highlighted bearish evidence area on this market )
  3. NZDCAD testing the 0.93 zone area ( 0.9280 to 0.93 zone ) and moving strongly higher from this important area to the 0.9530 zone area, the 0.93 zone area was a bullish evidence area highlighted last week in the review.
  4. Gold bounced higher from the 1250 zone, a potential bullish evidence area highlighted last week in the review.
  5. AUDUSD tested the 0.77 zone and moved lower from this area, a potential bearish evidence area highlighted on this market last week in the review.

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

 
Above Video – Weekly Forex Outlook and Review for the 24th to the 28th of October Forex Market.

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audusd 4 hour trading areas

Above – Highlighting AUDUSD this week two important zones:

  1. The 0.7450 zone as a great area on this market to look for bullish evidence and a potential move to the upside on this market.
  2. The 0.77 zone as a great area on this market to look for bearish evidence and a potential move to the downside on this market.

nzdusd daily trading areas

Above – Highlighting on NZDUSD this week the 0.71 zone as a potential area to downside if the market tests this zone this week to look for bullish evidence and a potential move to the upside from this area.

nzdusd daily trading areas zoomed out

Above – NZDUSD zoomed out.

eurcad daily trading areas

Above – Highlighting on EURCAD this week the 1.47 zone as a potential management point and target to upside on this market for those holding buy trades and also a potential great area to the upside to look for bearish evidence and a potential move to the downside from this area.

audnzd daily trading areas

Above – Highlighting on AUDNZD this week the 1.05 pullback zone as a great area on this market to look for bullish evidence if the market tests this area this week and a potential move to the upside from this area.

eurgbp daily trading areas

Above – Highlighting on EURGBP this week the 0.8690 pullback area on this market as 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 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. Good Review.

  2. Frank Nilson says:

    Hi Timon, thank you for the weekly reviews. It is appreciated. Would you please let me know what your view is on the GBPNZD pair. Thanks.

  3. Thanks Timon for this week analysis, I’m looking for another great trading week.

  4. Thank you Timon for this weeks’ excellent weekly review. Grateful for highlighting last week the NZDCHF and EURCAD pairs and EURNZD from the previous week which all gave very profitable trades Holding trades in NZDCAD and CADJPY, which gave a nice pinbar trade. Cheers mate JOhnR

  5. Thanks Timon,
    These videos are great.
    Regards Simon

  6. Thanks Timon. Excellent reviews. Robin

  7. Thank you!

  8. Johnfaith says:

    Your analysis is perfect sir, that is what the market will do this week as the evidence is being explained by a guru, lol

  9. prashanth kc says:

    Great reviews Timon! also please review commodities as well it will be good for us to focus in commodities.

    Thanks man!!

  10. Tabitha D. says:

    Awesome market analysis, Timon! Its cool to tune in to the review and see that some of the charts I marked echo your review. Definitely appreciate you taking time out to do this every week, seeing that you dont HAVE to. Appreciate your time and insight!

  11. Thanks Timon, have a great week.

  12. Forex Update: Highlighting a potential pullback area to the upside on EURAUD. A potential bearish evidence on this market to the upside in the trend ( Downtrend ).

    Above – EURAUD Daily – click for larger view.
    Regards,

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