Weekly Forex Review – 29th of May to the 2nd of June

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition of the video review for the 29th of May to the 2nd of June Forex Market. Aspects highlighted in the review include highlighting potential trading areas in the market (opportunity areas), management points and targets.

Pairs and Markets Analysed this Week: EURUSD ( 4 Hour ), GBPUSD ( 4 Hour ), AUDUSD, NZDUSD, GBPAUD ( 4 Hour ), GBPJPY, USDCHF, EURGBP, USDJPY ( 1 Hour ), USDCAD, EURNZD, AUDNZD, CADCHF and EURCAD.

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

 
Above Video – Weekly Forex Outlook and Review for the 29th of May to the 2nd of June Forex Market

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

gbpusd 4 hour bullish evidence area

Above – Highlighting on GBPUSD this week the 1.27 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area.

nzdusd daily bearish evidence area

Above – Highlighting on NZDUSD this week  that where the market is testing right now ( the 0.7050 zone area ) is a great area to look for bearish evidence and a potential move to the downside from this area.

gbpjpy daily bullish evidence area

Above – Highlighting on GBPJPY that where the market is testing right now is a great area to look for bullish evidence and a potential move to the upside from this area. GBPJPY at the moment is in a daily uptrend and the 1.4270 zone area is a great area in that trend to look for potential continuation.

usdchf daily bearish evidence area

Above – Highlighting on USDCHF this week a potential pullback area ( the 0.9864 zone area ) on this market, a great area on this market to look for bearish evidence and a potential move to the downside from this area.

eurcad daily bullish evidence area

Above – Highlighting on EURCAD this week a potential pullback area ( the 1.4883 zone area ) on this market, a great area on this market to look for bullish evidence and a potential move to the upside from this area. The 1.4883 zone area is an area that has acted as strong support recently in the past on this market on the previous test of this area as well as strong resistance multiple times in the past looking left.

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
    Thank you for the forex analysis every week
    Keep going man
    Could you analysis Gold in daily time frame please?

    • You’re welcome Shahin, thanks.
      Yeah sure, my bias on gold at the moment is looking for pullbacks into the 1250 zone area as a area where I am interested in looking for potential bullish opportunities on this market ( bullish evidence area ).

      Above – Gold Daily – Click chart screenshot for larger view of this market.

  2. Thanks Timon for your weekly reviews.
    As always I appreciate your comments and insights.

  3. Geoffrey Irwin says:

    Hi Timon
    Always look forward to this analysis every week

  4. Hi Timon – thanks for the review, interesting and informative as always !
    For those a bit less fluent in English maybe you could pronounce things like “the right sort of bearing evidence” a bit more clearly ? Even as an English teacher I couldn’t for the life of me figure out what you always say here – quite impossible ! How would non-English subscribers manage…
    Just by way of a suggestion, otherwise keep up the good work !

  5. ellis russell says:

    I don’t like to criticize my betters, but this is constructive. Timon has a very thick Australian accent, and by talking so fast, it certainly doesn’t help me to understand what he is saying. Also, I think if he would tell us what kind of trader he is, it would help us to know where he is coming from. Am I asking too much if I think he might tell us why he concludes the way he does? I look forward to these reviews.

  6. Daniel Arque says:

    great video, lots of pairs this week, brill

    Happy Trading Timon

  7. Hi Timon, thanks for the review. It is appreciated. Have a great trading week.

  8. Thorben says:

    Thank you Timon for these great reviews. It’s simply the best analysis I could find in the Web!

  9. simon tao says:

    Great analysis as usual mr weller..
    Any views on CHF/JPY seen a bearish engulfing on daily at resistance area … thinking of going short …

  10. Thanks Timon, Well done.

  11. ForexGuru says:

    Thanks Timon. i entered AUDUSD last week and it still selling. your guidance makes forex very easy….

  12. Thanks TIMON, great job!! whats with gbpnzd? thanks

  13. Thanks!!!

  14. Ron Ram says:

    Hi Timon, Simply fantastic analysis of the market. Despite your busy schedule, you still take the trouble to help us to analysis the market better. Please do not stop and keep up your good work. God bless you and your family.

  15. Thanks Timon, great review.

  16. Thank you. you’re cute as well as clever.

  17. Geoff Mason says:

    Hi Timon,
    IC Markets have sent me their latest MT5 trading platform. They say it is better than the MT4. Should I download it. Will my trading account be transferred over to it? Is it worth changing or should I stick with the MT4?

    • Hey Geoff, yeah they have that as a platform option now, it is optional to use, if you prefer MT4 then you can keep using it. In order to use MT5 you would need to create a MT5 account in your ICmarkets admin.
      I am not changing as yet, I am still using MT4 for most of my analysis.
      Regards,

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