Welcome to this week’s edition of the Weekly Forex Review, this edition of the review this week for the 25th to the 29th of January 2016 Forex Market. Analysing 14 pairs and markets this week, including many of the major currency pairs, some cross based pairs and commodities.
Pairs and Markets Analysed this Week ( including looking at potential high probability opportunity zones, management points and targets ): EURUSD, GBPUSD ( 4 Hour ), AUDUSD ( 4 Hour ), NZDUSD ( 4 Hour ), USDJPY, USDCAD, USDCHF, Silver, Gold, AUDCAD, GBPAUD, AUDNZD, EURCAD and GBPNZD.
Quite a lot of AUD and USD based markets covered this week in the review, so recommending traders to be aware of exposure aspects in their trading when looking at multiple potential setups in the market. For more on exposure click here.
Main opportunity zones and areas of interest highlighted this week in the review are trend continuation type zones as well as highlighting a few high probability counter trend zones.
Above Video – Weekly Forex Outlook and Review for the 25th to the 29th of January 2016.
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Above – On AUDUSD this week in the review I highlight a potential pullback zone on this market, that zone is the 0.6940 zone, a potential area highlighted on this market to look for bullish evidence and a potential move to the upside on this market if the market pulls back to this zone this week.
Above – Highlighting this week on USDJPY a potential pullback zone where the market is testing right now. That zone is the 118.70 zone, an area on this market to look for bearish evidence and a potential continuation move to the downside. Potentially a move all the way back down to the 116.20 zone or even lower on this market.
In replay from last week’s market Price Action: USDJPY tested the 116.20 zone last week, a zone highlighted last week in the review as a potential counter trend zone on this market and as can be seen on the chart above the market gave a strong bounce all the way up to the 118.70 last week from this important zone.
Above – Highlighting the 1.0225 zone to the upside on USDCHF this week as a potential management point and target to the upside on this market for all those managing buy trades. I also highlight that this is also a great area on this market to look for bearish evidence and a potential move to the downside on this market.
Potentially a move if the right type of evidence at this zone all the way down to the 0.98 zone, a previously highlighted zone on USDCHF ( in previous reviews such as here ) and an area highlighted to look for bullish evidence on this market in the past.
Above – Highlighting this week on EURCAD a deeper pullback zone on this market, that zone is the 1.5080 zone, an area highlighted on this market to look for bullish evidence and a potential move to the upside on this market. This market is still in a uptrend based on trend evidence, so no reason to highlight other zones on this market while the market is still maintaining this current 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.