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.
Are You Looking for an Effective Trading Strategy?
If so, then I highly recommend checking out our Forex Training Page. On that page are four current Training Series available. The Engulfing Trader Series for important high probability trading training, The 5 Day Trend Training Series for trend trading training and the more recent training release called The Candlestick Training Series for multiple candlestick trading and evaluating potential reward.
For more details on all the Training Series available at Forex Reviews click here.
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.
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.
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.
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.
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.