Weekly Forex Review – 29th of February to the 4th of March

Welcome back traders to this week’s edition of the Review, this edition for the 29th of February to the 4th of March Forex Market. 14 pairs and markets covered this week in the review including analyzing potential high probability opportunity zones, management points and targets.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD ( 4 Hour ), NZDUSD ( 4 Hour ), USDCAD, USDJPY, USDCHF, Silver, Gold, GBPAUD, AUDNZD, GBPNZD, Oil and CHFJPY.

Another interesting week last week in the market with many markets performing quite well, in particular many GBP based markets moving strongly lower in the trend. Other markets like AUDUSD and NZDUSD still testing the previously highlighted highs on these markets as highlighted in previous reviews and moving lower as expected and many USD based markets moving lower again before pulling back.

As for this week in the review: Main opportunity zones highlighted this week in the review are optimum pullback zones in the trend as well as highlighting a few high probability counter trend zones. Overall, expecting another great week in the market with plenty of potential opportunities ahead.

 
Above Video – Weekly Forex Outlook and Review for the 29th of February to the 4th of March 2016.

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GBPUSD daily zones

Above – Highlighting on GBPUSD this week two potential zones, the 1.4240 zone as an area to look for bearish evidence and a potential move to the move to downside if the market pulls back into this zone next week and the 1.3770 as a potential counter trend zone to the downside as an area to look for bullish evidence and a potential move to the upside. The 1.3770 zone is also a great management point / target for all those that are managing sell trades on this market.

USDCAD daily zones

Above – USDCAD moving strongly lower last week in price action after the pullback into the 1.3830 zone. As for this week on this market, I highlight two zones on this market:

  1. The 1.3390 zone ( 1.34 zone ) as an area to look for bullish evidence and a potential move to the upside from this important area.
  2. The 1.3830 pullback zone as an area if the market tests this zone again to look for bearish evidence and a potential move to the downside from this area.

USDCHF daily zones

Above – USDCHF pulling back into near the 1.00 zone on this market at the end of last week, if the market tests this area again this week, this is potentially a great area on tests of this zone to look for bearish evidence and a potential move to the downside.

Other zone highlighted on USDCHF in the review is a potential management point / target area for those selling this market and that is the 0.98 zone on this market. This is also a great area to the downside to look for bullish evidence and a potential move to the upside from this important area.

silver daily zones

Above – On Silver this week in the review I highlight a potential pullback zone on this market, that zone is  the the 14.40 zone on this market, a potential area to look for bullish evidence next on this market and a potential move to the upside. Also the 14.40 zone is a great management point or target to the downside on this market for those holding sell trades on this market.

GBPAUD daily zones

 

Above – GBPAUD ( as well as other GBP based markets ) was a great performer last week for all those managing sell trades on this market breaking below the 1.9840 zone strongly. As for what to look out for this week on this market: I highlight a potential pullback zone this week on this market if the market pulls back to this area next week, that zone is the 1.9840 zone on this market, an area to look for bearish evidence and a potential move to the downside on this market, a potential continuation in this markets trend.

CHFJPY daily zones

Above – On CHFJPY this week I highlight a potential pullback zone on this market in the trend, that zone is the 115.50 zone, an area highlighted on this market to look for bearish evidence if the market tests this zone next week and a potential move to the downside 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.

Comments

  1. Thanks for the review.

  2. Timon, thanks again for the review…cheers.

  3. Brilliant again as always Timon. Congratulations.

  4. Thanks Timon. Missed not having the review last week!

  5. Hi Timon,
    Thank you for the nice video. I will be watching out these areas for any potential trades.

  6. Craig Donald says:

    Thank you very much for your review Timon.

  7. Another great review. Appreciate the work! Glad to have you back!

  8. Good video. What is an example of a bearish evidence when it hits a pullback zone? Thx

  9. Hey Timon
    Another great weekly review, have a great trading week!

  10. Thank you Timon for an excellent weekly review. Some great trades with USD pairs as you highlighted in the review a couple of weeks ago but was stopped out of AUDUSD. Renewed the Fibonacci Training on the site to take advantage of any pullbacks that may occur in the perfectly trending GBP pairs. Cheers mate. JOhnR

  11. Thabo Skosana says:

    Thank you Timon for the review and hope you had good time with family the past week. Have great week ahead.

  12. Barrie Strong says:

    Maybe JPY has reached over extension so i will be looking for selling opportunities against all the majors. Great and very informative video as usual Timon.

  13. Thanks Timon, always great to get your views on the market. Have a super trading week ahead.

  14. Thanks Timon.
    Great Review. Last week I took all my indicators off my charts and just traded the price action. Following your technique. I did so much better and had a great week . Looking forward this coming week.

  15. Hello Timon,
    As always thank you for your weekly forex review. Have a great trading week.
    Regards
    Samantha.

  16. Thanks Timon, have great week.

  17. As always, great thing to know, you wont believe how much I improved just watching and learning from your Candlestick Series, along with these reviews, thanks Timon !!!!!!!!!!!!

  18. Hi Timon,

    Are the green zones generally ‘support’ and the red ‘resistance’?

  19. Great reviews once again. Thanks, Timon.

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