Weekly Forex Review – 28th of August to the 1st of September

Welcome back trader’s to another edition of the Weekly Forex Outlook and Review, this edition this week for the 28th of August to the 1st of September Forex Market. Aspects highlighted include evaluating how price action moved last week on multiple markets, as well as highlighting potential opportunity areas ( high probability trading areas ), management point areas and targets.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, GBPNZD, GBPCAD and EURAUD.

For economic events this week click here.

Main opportunity areas highlighted this week in the review are trend continuation type zones.

 
Above Video – Weekly Forex Outlook and Review for the 28th of August to the 1st of September Forex Market

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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.

gbpusd 4 hour trade setup areas

Above – Highlighting on GBPUSD this week a potential management point area ( previous highs looking left ) and target area ( the 1.2960 zone area ) to the upside for those holding a buy position on this market as well as a great area on this market to look for bearish evidence ( the 1.2960 zone area ) and a potential move to the downside from this area.

Previous review of this market – click here

usdcad-4-hour-trade-setup-areas

Above – Highlighting on USDCAD the 1.2489 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

The 1.2489 zone area was an area highlighted last week in the review on this market as a potential long term target area for those holding a sell position on this market.

Previous review of this market – click here

euraud daily trade setup areas

Above – Highlighting on EURAUD this week the 1.5063 zone area as a great area on this market to look for bearish evidence and a potential move to the downside from this area.

Previous review of this market – click here

Midweek Forex Reviews

Come back and check below for potential upcoming Midweek Reviews ( video or comment updates ) in the week ahead.
They will be added below. 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 a great trading week.

  2. Hi Timon,
    Thanks for your review.
    Can you post your overview for the Dollar index in daily time frame?

    • You’re welcome Shahin.
      Yeah sure, below is my current chart view of the US Dollar Index. The 93.73 zone area is a potential bearish evidence area on this market at the moment.

      Above – US Dollar Index Daily Chart – click chart screenshot for larger view of this market

  3. Wasfi Cheaito says:

    Dear Timon,
    Thank you for your help as usual.
    Regards,

  4. Priceless says:

    GREAT REVIEW AS USUAL BUT MORE PAIRS. KEEP IT UP MY PA MENTOR, TIMON.

  5. Thanks, time to set my alerts.

  6. Forex Update: Highlighting on EURGBP below the 0.9124 zone area as a potential pullback area on this market in the daily trend ( daily uptrend ). I am expecting this market will pullback soon and this is a great area on this market to look for bullish evidence and a potential move to the upside from this area.

    Above – EURGBP Daily – click chart for a larger view of this market

  7. Thanks for the review Timon!
    I recently got access to The Candlestick Training Series which is excellent.

  8. Erik Walshak says:

    Timon thanks for doing the forex reviews on a weekly basis. I look forward to them and it helps me with my trading on a weekly basis.

  9. Thank you Timon for an excellent weekly review. Grateful to you reviewing EURAUD from which I have had some excellent short term trades over the last few months while waiting for a long term trade to the upside. On the weekly chart last week there was an engulfing candle which usually indicates a change of in the trend. Interesting to see what happens this week. Cheers mate. JohnR

  10. Thanks boss for the weekly forex review. You have demystified forex charts. Nice work….

  11. Forex Update: EURUSD recently tested a resistance zone area ( potential counter trend zone on this market ) which was the 1.1887 zone area and closed above this area. Unless this market breaks back below this area my bias preference remains with the trend ( uptrend ) on this market. Also, due to the recent close above this area, the 1.1887 zone is now a potential bullish evidence pullback area on this market. Below is my current 4 hour chart view of this market.

    Above – EURUSD 4 Hour Chart – click chart screenshot for larger view of this market

  12. Hlanganiso says:

    Hi Timon

    Do you think your analysis could work as binary options signals in a sense? Looking at an expiration date that’s valid for a week?

    Thank you

  13. Trend is your your friend , don’t fight the tidal wave

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