Weekly Forex Review – 4th to the 8th of April

Welcome back to to another edition of the Weekly Forex Outlook and Review. This edition this week for the 4th to the 8th of April 2016. 13 Pairs and Markets covered this week in the review highlighting potential opportunity zones, management points and targets.

Pairs and Markets Analysed this Week:  EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDJPY, EURAUD, GBPAUD ( 4 Hour ), AUDNZD, EURCAD ( 4 Hour ), NZDCAD, USDCAD ( weekly ) and Gold.

Some recent price action highlights: EURUSD was a great performer last week again in Price Action with it wick testing the 1.1440 zone, an area highlighted as a long term target and management point in previous reviews for those holding buy trades from the previously highlighted 1.1118 bullish zone. GBPUSD gave a another move higher last week from the 1.4150 zone, a zone highlighted in previous reviews to look for bullish evidence and moves to the upside. AUDNZD continued lower last week in price action from the 1.13 zone, an area highlighted in previous reviews to look for bearish evidence and potential moves to the downside.

Both types of opportunity zones highlighted this week in the review: counter trend zones and high probability trend continuation type zones.

 
Above Video – Weekly Forex Outlook and Review for the 4th to the 8th of April 2016.

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EURUSD zones

Above – Highlighting this week on EURUSD the 1.1440 zone as a great management point and target for those holding buy trades on this market and also a great area next to look for bearish evidence and potential moves to the downside on this market.

In replay: The 1.1440 zone was an area highlighted in previous reviews such as this review and this review as a long term potential target on this market to the upside from the previously highlighted 1.1118 bullish zone.

GBPUSD zones

Above – Highlighting on GBPUSD this week in the review the 1.4150 zone as a great area again on this market to look for bullish evidence and a potential move to the upside on this market. This market has now given multiple moves to the upside from this important zone.

In replay: The 1.4150 zone was an area highlighted in recent previous reviews on this market to look for bullish evidence and potential moves to the upside on this market.

AUDNZD zones

Above – Highlighting on AUDNZD this week a potential management point and target to the downside for those holding sell trades on this market and that zone is the 1.0950 zone. This zone also being a great area next to the downside to look for bullish evidence and potential moves to the upside on this market.

In replay: AUDNZD moved lower once again last week as expected, the previous major zone highlighted ( in recent previous review ) on this market being the 1.13 zone, an area highlighted on this market to look for bearish evidence and potential moves to the downside.

Gold zones

Above – Highlighting on Gold this week a potential pullback zone on this market, that zone is the 1211 zone, a great area on this market to look for bullish evidence and potential moves to the upside on this market.

The 1211 zone is also a significant zone to the buyers on this market because if this level breaks and does not hold then it would indicate most likely more potential weakness on this market. Because of that reason, the bulls will try to maintain this area in order to keep the uptrend bias ( based on daily trend evidence ) intact 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. Once again Thanks for very Nice review…I want to ask that in next week there are two to three news for AUD…if these news comes positive than can we see AUD to 7910 level as now it is above 7640 level…?

  2. Vincent says:

    Thanks Timon again for the review.. Appreciate.

  3. Thanks Timon, have a great week ahead.

  4. Thanks Timon

  5. Thank you Timon for an excellent weekly review. I hope you had a great Easter. I closed my trades to celebrate Easter and I am grateful for you highlighting many potential opportunities for the next few weeks. I had some nice short term trades last week but looking to find long term trades during the coming month. Cheers mate. JOhnR

  6. Great analysis once again. Cheers!

  7. Roger Carey says:

    Hi Timon, how are you? nice bullish order block cable at 1.41568 : ) take care, happy trading.

  8. Hey Timon
    Another great weekly review, keep it up, have a great trading week!

  9. Faran khan says:

    I am confident about market by watching ur weekly review and again request for plz include us index in your forex review.
    Bundle of thanks.
    Have a good trading week.

  10. Thanks Timon for another great review. Much appreciated.

  11. A big thanks for The Engulfing Trader and the Reviews, they have both been very helpful in my trading.
    Regards,

  12. Hi Timon

    Thanks for another great review. I have been looking at automatic support and resistance indicators for MT4. Could I get your advise if they are worth using, and how reliable they might be? Thanks again for the time and effort you put in educating us traders. very much appreciated.

  13. Brent Freeland says:

    Hello Timon,

    Have been watching your site and videos. I am interested in coaching. I have been trading and like most people, I’m struggling to stay profitable. In what ways do you work with people?

    Thank you,
    Brent Freeland, Knoxville, Tennessee

  14. Eddy Hackleman says:

    Thanks!

  15. Walther Teekman says:

    Hello Timon,

    Very interesting weekly reviews.
    I follow this a few weeks
    Do you have a track record for a longer period?

    Thank you

    Walther Teekman
    Amstelveen, Netherlands

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