Weekly Forex Review – 25th to the 29th of April

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition of the review this week for the 25th to the 29th of April 2016. Aspects highlighted in the review include analysing potential opportunity zones ( high probability trading areas ), management points and targets.

Pairs and Markets Analysed this Week: EURUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, GBPAUD, AUDNZD, EURCAD, Gold, Silver, GBPNZD and EURJPY.

All of the opportunity zones and areas of interest highlighted this week in the review are trend continuation type zones.

Expecting a great week in the market with plenty of potential opportunities.

 
Above Video – Weekly Forex Outlook and Review for the 25th to the 29th of April 2016.

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EURUSD important structure areas

Above – Highlighting on EURUSD this week the 1.1114 zone as a great area to the downside to look for bullish evidence and a potential move to the upside on this market. Also highlighting that for those still holding sell trades on this market from the previously highlighted bearish zone ( the 1.1440 bearish zone area highlighted in this recent previous review ) that the 1.1114 zone is a great potential long term target or management point to the downside.

AUDUSD important structure areas

Above – Highlighting on AUDUSD a potential pullback zone on this market, that zone is the 0.7640, a great area on this market to the downside if the market tests this zone this week to look for bullish evidence and a potential move to the upside on this market.

USDCHF important structure areas

Above – Highlighting on USDCHF this week the 0.98 zone zone, where the market wick tested at the end of last week’s price action, an potential area on this market this week to look for bearish evidence on tests of this area and potential moves to the downside on this market from this important area.

*Previous major zone highlighted on this market was the 0.9530 zone, a potential counter trend zone on this market and area highlighted in this previous review to look for bullish evidence and moves to the upside on this market, potentially a long term move all the way up to the 0.98 zone. Last week in price action this market performed well moving higher and hitting the long term potential target on this market.

GBPNZD important structure areas

Above – Highlighting on GBPNZD a potential deep pullback zone ( the 2.1480 to 2.15 zone ), an area on this market to look for bearish evidence and a potential move to the downside on this market in the trend.

EURJPY important structure areas

Above – Highlighting on EURJPY this week the 127.20 zone, a potential pullback zone on this market and area to the upside on this market to look for bearish evidence and potential moves to the downside on this market in the trend.

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. Thanks for the fantastic review Timon.
    Keep up the great work.

  2. Hamidreza says:

    Hi Timon
    Thank you for weekly review
    What is your expecting about GBP/USD?

    • You’re welcome Hamidreza.
      My main bias on GBPUSD is the same as last week’s review. To check out last week’s review visit here.
      Where the market is testing right now is a management point to the upside that I highlighted last week in the review from the previously highlighted bullish zone ( the 1.4150 zone ) with the 1.46 zone being a potential long term target on this market to the upside. I will note that where the market is testing now ( the 1.4430 area ) has acted as resistance multiple times on this market, so this is also an area where you could look for bearish evidence as well and potential moves down to retest the 1.4150 zone again.
      Regards,

  3. Great as always Timon. What do you think about gbp/usd? I am holding sell positions my target is 1.428..

    • Thanks Antonis.
      My main bias on GBPUSD is the same as last week’s review. Where the market is testing now ( the 1.4430 area ) has acted as resistance multiple times on this market, so this is also an area where you could look for bearish evidence and potential moves down to retest the 1.4150 zone area again.
      Regards,

  4. Eddy Hackleman says:

    Thanks for the information…

  5. Great analysis as always. V. helpful. Cheers!

  6. Allen Sen says:

    Awesome Work Tim,

    Much Appreciated.

    Kind Regards,
    Allen

  7. Hey Mr T,
    Thanks for a great review and your input last week.. Missed a few opp’s last week.but still walked away with 2 trades at 2:1 ( all signals i learnt from your series) so not a bad week overall.

    thanks fella

    Chris .

  8. Hi Tim,
    Thanks for the great analysis. I was expecting your usdcad analysis. could you comment on the pull back / trend support levels for this pair?

    Thanks again,
    Raj

    • You’re welcome Raj.
      Yeah sure, the 1.2860 zone is a great pullback area on this market in the trend if the market pulls back to this area. Area to look for bearish evidence and a potential continuation to the downside on this market.

      Above – USDCAD Daily Chart – Click Image for larger view.
      Regards,

  9. Thank you Timon for an excellent weekly review. Just waiting for price to enter into high probability areas for a number of pairs before entering into any trades mainly for NZD and JPY pairs. Cheers mate JOhnR

  10. Vincent foo says:

    Great analysis, thank you.

  11. Yogarajah says:

    Thank you Tim. Great analysis again. Please continue to send them..

  12. Thanks Timon! Great as always. I’ve learn so much from buying your Engulfing Trader and watching your weekly reviews. All the best!

  13. Thanks Timon, fib lessons a couple weeks ago was very good, keep the weekly YouTube going.
    Thanks,
    Regds Lee, surfers qld

  14. Ken McInnes says:

    Thank you, Timon for your patient and interesting analysis of the currency charts..

  15. Arthur Tanmoy says:

    You are truly an amazing mentor and market analyst . Hope you keep doing this amazing job . Your market analysis are even better than few “HUGE” market analyst. Thanks for keeping this section free and open for all .

    You’re my inspiration . I wanna contact you on any social site if it is possible .
    Thanks .

  16. Any thoughts on GBPAUD? It has broken 1.89 highlighted in your video. 🙂

  17. Good job Timon on your site. I just bought the engulfing trader course because I wanted a daily TF strategy and I am very pleased with the simplicity and effectiveness of it.

    Anyway, thanks again and keep it up.

  18. Hi Timon,

    Loving your analysis mate.

    Tell me, the AUDNZD dropped before it hit you line at 1.1297, would this be a case of it’s near enough in the zone to take it or just trading or have we have missed it?

    Thanks.

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