Weekly Forex Review – 27th of February to the 3rd of March

Welcome back traders to another edition of the Weekly Forex Outlook and Review, this edition this week for the 27th of February to the 3rd of March Forex Market. 13 Markets analysed this week, including highlighting potential opportunity areas in the market, management points and targets.

Pairs and Markets Analysed this Week Include
: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, Gold ( 4 Hour ), AUDNZD, Silver, USDCAD, CADJPY, EURJPY, CADCHF and EURGBP.

High probability trend continuation zones and counter trend zones highlighted this week in the review.

Expecting a great week in the Forex Market this week with plenty of potential opportunities.

 
Above Video – Weekly Forex Outlook and Review for the 27th of February to the 3rd of March Forex Market

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For more details on all the Training Series available at Forex Reviews click here.

gbpusd daily trading opportunity areas

Above – Highlighting on GBPUSD this week two potential zones:

  1. The 1.27 zone area as a potential area on this market to look for bearish evidence and a potential move to the downside from this area.
  2. The 1.22 zone area as a potential area on this market to look for bullish evidence and a potential move to the upside from this area.

gold 4 hour pullback trading opportunity zone

Above – Highlighting on Gold this week a potential pullback area to the downside which is the 1242.78 zone area ( previous highs ) as a great area on this market if the market pulls back and tests this area this week to look for bullish evidence ( and potential bullish opportunities ) in this area and a potential move to the upside from this area.

audnzd daily trading opportunity zones

Above – Highlighting on AUDNZD this week the 1.0560 zone area as a potential target to the downside for those holding sell trades on the market, as well as a great area to the downside to look for bullish evidence and a potential move to the upside from this area.

eurjpy daily trading opportunity zones

Above – Highlighting on EURJPY this week the 119.60 zone as a potential pullback area on this market, that if the market tests this area this week is a great area to look for bearish evidence and a potential move to the downside from this area.

eurjpy 4 hour zones

Above – Same potential pullback area shown on EURJPY on the 4 Hour Chart.

Midweek Forex Reviews

Come back and check this space for potential upcoming Midweek Reviews in the week ahead. They will be added here.
Have 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. Hi Timon, Thanks for the review. It is appreciated. Have you got any video or documentation on trailing stops and how to use it properly? Have a great trading week.

    • You’re welcome Frank, thanks. I have videos and articles which cover concepts of locking in however not specifically on trailing stop use. Trailing stops do have there benefits to traders, however in my opinion mainly when a trade is near a long term target rather than during a trading process. The reason being is that trailing stops do not move in the same way that the market moves, so often a trade will be stopped out early if using. If considering using a trailing stop as a management option in your trading then I suggest giving as much room for the trailing stop as possible ( large trailing stop pip amount ) to allow for the market to flow in a particular direction.
      Have a great trading week!

  2. Hello Timon,
    May I ask, what trading platform do you use? I think I would like it as well.

    • Yeah sure..
      I use both MT4 and Ctrader platforms, mostly with a broker named ICMarkets. Main trading platform I use due to it’s in built management functions is Ctrader. The platform seen in the Weekly Forex Reviews is MT4.

  3. Thank you Timon for an excellent weekly review. Did not find any trade set ups during last week. Waiting for sideways moving markets to start trending to give better risk to reward longer term trades. Cheers mate. JOhnR

  4. Any chance you will call live trades? Kind of like… here is my pending order with entry level, stop and take profit level? Then a follow up after the trade has finished?

  5. Much appreciate, your advice is very good and very good Tuesday.

  6. michael walker says:

    Always enjoy your analysis

  7. Barrie Strong says:

    Many thanks again Timon. Just to add 1 other currency pair…EUR / AUD. The T. Line has crossed the 20 EMA so evidence suggests that the Bulls make take charge. Also the Australian Government have expressed concerns over the ‘overvalued’ AUD so this may be a good buying opportunity.

  8. I always look at the hair changes on the top of your head. It’s like the Forex market – still supply vs. demand 😉

  9. Thanks Timon for this week market analysis. I’m looking for a good trading week.

  10. Thanks for the awesome review, Tim., you’ve got a clear and well define market analysis …..I’m glad to be part of your followers.. more grease to your elbow

  11. Robin Dowd says:

    Thank you Timon. Excellent review. Thanks for all the effort and hard work you put in to this for us. Robin

  12. Monica Nikopoulos says:

    You covered a lot of pairs this wk!! Always look forward to your analysis!! Thank you!

  13. Thanks again Timon, have a great trading week.

  14. Thanks Timon for your wise review.

  15. Hi Timon,
    Thank you very much for weekly review.

    Sameer S.

  16. Hi Timon.
    What is your advise on this situation . We have usdcad at resistance with a short confirmation candle and audusd at resistance with a short confirmation candle, which pair do we trade?

    Thanking You
    Glyn

    • Hey Glyn, yeah good question. The strong movement higher with USDCAD this week is related to CAD weakness, this caused strong moves on all CAD markets this week. So while USDCAD often correlates the opposite to AUDUSD, in this case it is less correlated with this move.
      At the moment USDCAD is still testing deeply the 1.3290 zone area ( 1.33 zone ) on this market and AUDUSD is still progressing slowly lower to potentially test that previous low area, which is a potential management point on this market depending on what time frame this market is traded on.
      Regards,

  17. Forex Update: USDCAD was a great performer this week for those holding buy trades on this market moving strongly higher from the 1.3040 zone area ( potential bullish evidence area highlighted in previous reviews ) to the long term potential target area at the 1.3285 price zone area ( highlighted in the reviews as a potential long term target area on this market ) and then breaking above and closing above this area.

    Now that this market has broken above and closed above this important area, pullbacks and retests of the 1.3285 area would be a great area on this market to look for bullish evidence and a potential continuation higher on this market.

    Above – USDCAD Daily – Click chart screenshot above for larger view of this market

    Chart above showing recent strong move on this market higher from the 1.3040 zone area and potential bullish evidence pullback area.

  18. Forex Update: AUDUSD was a great performer this week for all those holding sell trades on this market from the 0.7730 zone area ( potential bearish evidence area on this market highlighted in the reviews ) moving strongly lower from this area. Potentially this market could continue all the way down to the 0.7490 zone area which is a potential long term target to the downside for those holding sell trades on this market.

    The 0.7490 zone area is also a great area on this market to the downside to look for bullish evidence and a potential move to the upside from this area.

    Above – AUDUSD Daily – Click Chart for larger view of this market

  19. Bret Powers says:

    Hello Timon;

    I’m from the U.S. and new to the forex and just wanted to say that this last week after watching your price action videos and reading your weekly review’s I experienced my first week of positive earnings…
    I’m looking to purchase your videos and educate myself in order to be in the market and succesful..
    What video do you recomend me to start with first?

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