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

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 July Forex Market. 8 markets analysed this week including highlighting potential opportunity zones, areas to look for evidence and moves in the market, management points and targets.

Pairs and Markets Analysed this Week: EURUSD ( 4 Hour ), GBPUSD ( 4 Hour ), AUDNZD ( Daily ), USDCHF ( Daily ), CADCHF ( Daily ), NZDUSD ( 4 Hour ), Gold ( Daily ) and Silver ( 4 Hour ).

Expecting a great week in the market with plenty of potential opportunities. Main opportunity zones highlighted this week in the review are Trend Continuation type zones.

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

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gbpusd 4 Hour

Above – Highlighting on GBPUSD a potential pullback zone on this market, where I would be interested in looking for bearish evidence if the market tests this zone again this week and potential moves to the downside from this area. That zone area is the 1.3425 zone. While the market is below this area my bias is bearish on pullbacks on this market, however if the market can break above and close above this important area ( previous pullback highs at the 1.3425 zone ) then in preference I would be look for pullback zones to the downside and bullish evidence on this market.


Above – Area of interest highlighted this week on CADCHF is the 0.7450 zone, an area that I am interested in looking for bullish evidence if the market tests this area this week and a potential move to the upside from this important area. This is an area on this market that has acted as support multiple times in the recent past and given a lot of strong moves to the upside from this area, as well as an area that has acted as strong resistance on this market.


Above – Highlighting on gold this week a potential pullback zone, that zone is the 1294 zone, an area that I am interested in looking for bullish evidence on this market and a potential move to the upside from this area. The 1294 zone was an area on this market in the past that was significant resistance and because of this reason it should be a great area next to the downside to look for bullish opportunities on this market.

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.


  1. Thanks for the review Timon. Happy Trading.

  2. Hi Timon, I’m sorry for the imposition, but could I get your opinion on the NZDJPY (Daily) Pair? Thank you for the great work.

    • Hey Thuso,
      Yeah sure, my bias on NZDJPY at the moment is looking for bullish evidence at the 73.30 zone. That is where I have alarms set on this market at the moment. I am not interested in being bearish on this market at the moment due to the probable stimulus announcement on the 29th of July BOJ meeting. Another round of stimulus would lead to a weaker Yen and potentially strength in a lot of JPY based pairs like AUDJPY, NZDJPY, USDJPY, etc.

      Above – NZDJPY Daily Market ( click screenshot image for larger view )


  3. Another great review. Some potential nice moves to come next week. thanks again Timon!

  4. Senejani says:

    Hi Timon.

    Awesome review as usual. Alerts set and ready to milk the market. Thank you.

  5. Thorben says:

    Hey Timon,
    thank you again for this great review! You’re a great help for us to get better every week 🙂

  6. Thank you again

  7. Thanks, great review

  8. lovely sir

  9. Njabulo says:

    Thank you for the reviews as always Timon. One question though, what sort of evidence do you look for at those price action zones?

    • Hey Njabulo,
      You’re welcome, thanks for the feedback. Yeah good question. Firstly I will note that evidence is an aspect I go over in detail in the Forex Training at the website such as in The Engulfing Trader, The 5 Day Trend Training Series and The Candlestick Training Series. Aspects such as aligning candlesticks ( engulfing, pin bars, railroads, etc ), structure retests, trend evidence and retracement confluences are all forms of evidence when looking at an important area in the market.
      To check out the Forex Training at the website visit here – http://www.forexreviews.info/forex-training/

  10. Thank you!!!!!!

  11. Andrew Williams says:

    Thanks again Timon, as always another great review, have a great trading week.

  12. good day Tim,
    many tks for ur weekly reviews. much appreciated.
    i notice that you dont use trendlines at all.
    is there any particular reason why not?

  13. Victor Mota says:

    First of all thanks for this great review.
    I am just wondering if the daily USDJPY is on a good area for a bearish signal, or maybe a bullish break out followed by a retracement.


    • Thanks Victor.
      Sorry about the late reply.
      I avoided JPY markets last week due to the BOJ stimulus meeting, however yeah, that was a great setup zone and area to look for bearish evidence on this market.

  14. Kimberly Perrett says:

    Hello Timon, thanks for the reviews. Can you please explain to us the best way to trade the four hourly chart without being up for 24 hours a day? Thanks heaps

    • You’re welcome Kimberly.
      Yeah, good question, I recommend trading within your trading plan hours that you have set. If you have not set these then I would recommend writing down a trading plan that fits your hours. I have a article on writing a trading plan here. Set a time or times that suits you from checking the charts and then if a setup comes in that period that meets the trading rules, then consider the trade.

  15. Many thanks for your great analysis ….happy trading!

  16. Hello Timon,
    Thanks for your reviews.
    Could you please provide examples of “Looking for bearish or bullish evidence?” What time frame do you consider towards this? Can candle sticks at smaller time-frames be considered as entry signals for such evidence?

    • Hey Rajesh,
      Evidence is an aspect I go over in detail in the Forex Training, it includes aspects such as aligning candlesticks ( engulfing, pin bars, railroads, etc ), structure retests ( double bottoms, double tops ), trend evidence aligning at zone and retracement confluences.
      Evidence can be looked on multiple time frames at important areas, if below 1 hour I recommend looking for initial test low ( if at support zone ) or initial test high ( if at resistance zone ) in trading bias zone and retest of zone before looking for aligning evidence.

  17. It’s my first time watching a Forex weekly review of yours, and the predicted movement is reassuring if I wanna make a trade now.
    Although I’m only a newb practicing on a demo account.

    Just want to ask what does pullback/pullback zones mean. Also, what does “test the area/zone” implies?
    Thanks a ton, Mr. Weller.

    Here’s hoping to a reply.

    • Welcome to the website Pau and welcome to price action trading.
      Yeah sure.
      When I say pullback zone, I am referring to an area that is a pullback area in a trend. As an example, say a market is in a downtrend, then a pullback zone in a downtrend would be a zone to the upside on that market. Also it is an area where that trend can potentially continue.
      Test of zone area referring to market price action moving into that area in the market.

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