Weekly Forex Review – 3rd to the 7th of April

Welcome back traders to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 3rd to the 7th of April Forex Market. Aspects highlighted in the review include highlighting potential opportunity areas in the market, management point areas and targets. Also I take a look at how price action moved last week on a number of different markets.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD ( 4 Hour ), NZDUSD, USDCHF, EURAUD, GBPNZD, USDJPY, EURGBP and CADCHF.

Some of the markets that performed well from the important zones last week: EURUSD hit the long term potential target area that I highlighted on this market for those holding buy trades from the 1.0540 bullish evidence area, as well as gave a strong move lower from the 1.0867 zone area which was highlighted as a potential bearish evidence area on this market last week in the review. EURAUD tested the 1.4145 zone area which was highlighted as a potential bearish evidence area on this market last week in the review and gave a strong move lower from this area. GBPNZD moved lower from the 1.7930 zone area, a area highlighted last week as a potential bearish evidence area on this market in the review, moving down to test the management point area to the downside ( previous high area ) before retracing back up once again to retest this important area again this week.

As for this week in the market, I am expecting another great week with plenty of potential opportunities. Trend continuation zones and counter trend zones highlighted this week in the review.

 
Above Video – Weekly Forex Outlook and Review for the 3rd to the 7th of April 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 daily oopportunity areas

Above – Highlighting on EURUSD this week a potential long term target area for those holding sell trades as well as a great area to look for bullish evidence and a potential move to the upside from this area.

EURUSD was a great performer last week:

  1. Reaching the long term potential target area to the upside ( 1.0867 zone area ) for those holding buy trades from the 1.0540 bullish evidence zone area. ( 3 week trade )
  2. Testing the 1.0867 zone area and declining strongly from this area, a potential bearish evidence area on this market highlighted in previous recent reviews.

Above – Highlighting on NZDUSD this week a potential pullback area on this market, that area is the 0.6974 zone area, a great area to look for bullish evidence and a potential move to the upside from this area

Above – Highlighting on GBPNZD this week the 1.7930 zone area, where the market is just starting to retest right now, as a great area to look for bearish evidence and a potential move to the downside from this area.

*Be aware that the 1.7930 zone area on this market is a potential counter trend zone area on this market.

Above – GPPNZD on the 4 hour chart.

GBPNZD was a great performer last week for those that traded this market on the 4 hour or lower time frames giving a strong move lower to the downside from the 1.7930 zone area, an area I highlighted last week in the review as a potential bearish evidence area on this market moving all the way down to test the management point area before bouncing back up to retest this area again this week.

Above – Highlighting on USDJPY this week a potential pullback area on this market, that area is the 112.50 zone area, a great area to look for bearish evidence and a potential move to the downside from this area. This market is in a downtrend at the moment and the 112.50 pullback zone area is a great area in that trend to look for potential continuation on this market.

cadchf daily opportunity areas

Above Highlighting on CADCHF this week a potential pullback area on this market, that area is the 0.7540 zone area, a great area to look for bearish evidence and a potential move to the downside from this area.

Midweek Forex Reviews

Come back and check below for potential upcoming Midweek Reviews 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. Thanks Timon, great as usual.

  2. Thanks Timon. Your reviews are priceless. Since following your reviews and daily support and resistance zones I have been CONSISTENTLY successful. I am also enjoying my trading more now, not only because I am making money, but because I only look at the charts now when my alerts tell me instead of sitting all day watching every pip. Again thanks.
    Jim

  3. I would also like to say that I am amazed that you have answered EVERY ONE of my emails (and there have been a few). You have also answered them normally within 1 day( which is also amazing given the time difference). Not only that but you have ACTUALLY ANSWERED my question in a way I can understand. You are a real MENTOR and a good example of what mentoring should be.

  4. Daniel Arque says:

    great video again, great help

  5. Thanks Timon
    Trading is starting to gel for me and I have had my best week yet. My live account is now back in profit.
    Can you explain what you mean by a management area as I am not familiar with that term?

    regards

    • You’re welcome David, thanks for the feedback.
      Yeah good question, a management point is an area where a trader can take partial profits on a position they are holding in the market. This helps reduce risk on a trade when holding long term a position in the market. So in other words, if I mention 2 management points on a potential move in the market from a opportunity area, I am suggesting two areas to take partial profits on a position in the market before getting to the full target area.
      A management point area can also optionally be an area where a trader can pull stop loss to break-even on a trade.
      Regards,

  6. Thanks Timon
    Another great review, i was not following the CAD/CHF, so i will need to take a look at it
    Have a great trading week

  7. Rick Parizeault Jr says:

    First off, thank you Timon,

    I have been following your reviews for a few weeks now, your consistency is undeniable, as you stated in every chart… evidence is key. By the way, I acquired your 5 day trend training series, my compliments on your training techniques and knowledge of the market.
    Cheers, have a great week.

  8. Charles says:

    Thanks Timon, you are always on point, your reviews are always helpful. I really appreciate.

  9. Foremost says:

    There are always some useful tips to take home from your market analysis, Timon. . Thanks for the wonderful insight into the activities of the coming days…

  10. I have been following Timon for a couple of years now and at the same time investigated well over 50 so called trading approaches and not one of them are as simplistic and consistent as what is being taught here. All you have to do is be patient and paper trade till you are consistently making money. Once you see his method you can spot bogus trading courses etc. a mile away.

  11. Hi Timon
    What’s your view with Gold?

  12. Thanks Timon, you rock!!!!!!!!!!
    Another great review

  13. I’m just starting out and REALLY appreciate your weekly reviews which I feel will help me learn to see the price action for myself. Thank you!

  14. Hey Tim,
    Thanks for the review fella.

    Chris form england

  15. Hi Timon. Thanks for the review. It is appreciated. Have a great trading week.

  16. Hi Tim

    Just watched My first review. Looking forward to studying the charts you mentioned. So much to learn.
    Thanks for your time.

  17. Robin Dowd says:

    Hi Timon, Very very good as usual. Many thanks.

  18. Perfect as always

  19. Hi, good day, I want daily signal.

Speak Your Mind

*