Weekly Forex Review – 30th of October to the 3rd of November

Welcome to another edition of the Weekly Forex Outlook and Review, this edition this week for the 30th of October to the 3rd of November Forex Market. Aspects covered in the review include highlighting potential opportunity areas in the market ( both high probability trend and counter trend areas ), management points and targets as well as highlighting how price action moved last week on multiple markets.

Pairs and Markets Analysed this Week: EURUSD ( 4 Hour ), GBPUSD, AUDUSD, NZDUSD, Gold, USDCAD, USDCHF, USDJPY, AUDJPY, EURGBP, EURJPY ( 4 Hour ), GBPJPY, CADJPY, GBPNZD, EURNZD and AUDNZD.

Be aware that there are multiple major economic events this week such as BOJ Monetary Policy Statements, EUR CPI, Canada GDP, BOC Gov Poloz Speaks, New Zealand Employment Change, BOE Interest Rate Decision, BOE Meetings, Australian Retail Sales, Fed Interest Rate Decision, FOMC Statement, Non Farm Payrolls and US Unemployment Rate which I am expecting will cause extra volatility in the market this week. Because of this reason I suggest traders minimize risk and exposure to certain markets this week.

To view all the economic events this week click here.

 
Above Video – Weekly Forex Outlook and Review for the 30th of October to the 3rd of November Forex Market

Are You Looking for an Effective Trading Strategy?

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.

eurusd 4 hour bearish evidence area

Above – Highlighting on EURUSD this week a potential bearish evidence pullback area. That area is the 1.17 zone area, a great area on this market to look for bearish evidence and a potential move to the downside from this area.

gbpusd daily trading areas

Above – Highlighting on GBPUSD this week the 1.3028 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

gbpusd 4 hour trading areas

Above – Current important trading areas shown on GBPUSD 4 Hour.

  1. The 1.3235 zone area as a great area on this market to look for bearish evidence and a potential move to the downside from this area.
  2. The 1.3028 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

Click chart screenshot for larger view of this market.

audjpy daily bullish evidence area

Above – Highlighting on AUDJPY a great area on this market to look for bullish evidence and a potential move to the upside from this area. That area is the 86.66 zone area.

eurnzd daily bullish evidence pullback trend area

Above – Highlighting on EURNZD this week a potential bullish evidence pullback area, that area is the 1.6646 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area. At the moment, EURNZD is in a uptrend and the 1.6646 zone area is a great area in that trend to look for potential continuation.

Midweek Forex Reviews

Come back and check below for potential upcoming Midweek Reviews ( video or comment updates ) in the week ahead.
Have great trading week!

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 your review Timon and have a good week mate.

  2. Frank Nilson says:

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

  3. Eric Boonk says:

    Thanks a lot Timon!

  4. MKOPI NYAUMBA says:

    THANKS, YOU MAKE TRADING SIMPLE AND CLEAR.

  5. Muhammad Ashraf says:

    hi,
    great brother you are a master of price action thanks GOD bless you

  6. Hey Timon
    Another great weekly review – have a good week

  7. Thanks for the great review Timon.
    Have a great week!

  8. My compliments Timon. Greetings from the sunny Italy.
    Have a nice week.

  9. Dido Banea says:

    Hi Timon , first of all thanks for your setups, they’re almost never wrong which is very very impressive.
    I would like to know what is the correct order if I want to purchase the training course , I am seeing a lot of courses but I don’t know which one I must start with.

    • Hey Dido,
      Thanks for the feedback.
      Yeah good question, each training series is standalone in what it teaches in that training, however each designed to benefit each each in learning high probability price action trading.

      The preferred learning training sequence is in this order:

      1. The Engulfing Trader – Covers how to identify important trading areas in the market, how to filter these areas and how to trade these areas by identifying engulfing evidence.
      2. The 5 Day Trend Training Series – Covers how to identify trend direction and how to trade with the trend as well as how to determine when the trend is changing looking at what I refer to as trend evidence.
      3. The Candlestick Training Series – Covers how to identify and filter important trading areas in the market, multiple forms of evidence trading at zones using a drop down sequence from Daily to 4 Hour and how to evaluate and filter risk to reward.
      4. The Fibonacci Retracement Training Series – Optional trend training covering how to use the Fibonacci Retracement tool as an extra confluence when trading the trend.

      Regards,

  10. Forex Update – Hey Everyone. Be aware that there are lots of upcoming economic events this week in particular for US and GBP based markets.

    US Dollar Economic Events: ADP Non Farm Employment Change, ISM Manufacturing PMI, Fed Interest Rate Decision ( no change expected ), FOMC Statement, Nonfarm Payrolls, Unemployment Rate and ISM Non-Manufacturing PMI.
    British Pound Economic Events: Manufacturing PMI, Construction PMI, BoE Inflation Report, BoE Interest Rate Decision ( they are forecasting a interest rate rise from 0.25 to 0.50 ), BoE MPC Meeting Minutes, BoE Gov Carney Speaks and Services PMI.
    Euro Dollar Economic Events: German Manufacturing PMI and German Unemployment Change.
    Canadian Dollar Economic Events: BoC Gov Poloz Speaks and Employment Change.
    Australian Dollar Economic Events: Retail Sales ( I am expecting similar to forecast ).

    Image showing major upcoming economic calender events this week – click here ( opens in new window )

    To view the economic calendar visit here ( opens in new window )

  11. Ali Senejani says:

    Hi Timon,

    Thank you for the great post and the detailed video.

    EURJPY is doing well from last week and closed half of my position with good profits. USDCAD also showed some signs for a sell setup.
    Happy pips for the rest of your week. Thanks.

  12. Hi timon,

    Thanks for your awesome work!

    Could you review the pair EUR/GBP for the next video?

    Cheers from Chile!

  13. You’re welcome Tai, thanks for the feedback.
    I did not cover that market in the video review, however I highlighted it in the screenshot highlights section of this week’s review here.
    Any questions on that market let me know by commenting on this week’s review topic page.
    Regards,

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