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

Welcome back traders to this week’s edition of the Weekly Forex Outlook and Review, this edition of the review this week for the 4th to the 8th of July Forex Market. 10 Markets analysed this week highlighting potential opportunity zones, areas to look for evidence and potential moves in the market, management points and targets.

Pairs and Markets Analysed this Week: EURUSD, AUDUSD ( 4 Hour ), NZDUSD ( 4 Hour ), CADCHF, EURAUD, NZDCAD, USDJPY, Silver, Gold and EURCAD.

Main opportunity zones and areas of interest highlighted this week in the review are trend continuation type zones.

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

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eurusd trade zones

Above – Highlighting on EURUSD this week a potential pullback zone where the market is just starting to test which is the 1.1150 zone, an area highlighted to look for bearish evidence and a potential move to the downside from this important zone.

audusd 4 hour trade zones

Above – Highlighting on AUDUSD this week the 0.7640 zone, a potential management point and long term target to the upside for those still holding buy trades on this market and also an area to the upside to look for bearish evidence and a potential move to the downside from this important area. Also highlighting that if the market tests the 0.7360 zone again this week that this is still a great area on this market to look for bullish evidence and a potential move to the upside on this market.

*Last week AUDUSD was a great performer testing the 0.7360 zone and moving higher from this important area. This was an area highlighted last week in the review to look for bullish evidence on this market and a potential move to the upside from this important area.

nzdusd 4 hour trade zones

Above – Highlighting on NZDUSD this week the 0.7260 zone, a potential management point and long term target to the upside for those still holding buy trades on this market and also an area to the upside to look for bearish evidence and a potential move to the downside from this important area. Also highlighting that if the market tests the 0.7019 zone again this week that this is still a great area on this market to look for bullish evidence and a potential move to the upside on this market.

*Last week NZDUSD was a great performer testing the 0.7019 zone and moving higher from this important area. This was an area highlighted last week in the review to look for bullish evidence on this market and a potential move to the upside from this important area.

USDJPY trade zones

Above – Highlighting on USDJPY this week a potential pullback zone on this market, that zone is the 105.60 zone, an area highlighted to look for bearish evidence and a potential move to the downside from this important area.

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. Nice review, can you please share your view of aud /cad?

    • Thanks Fred. Yeah sure, below is my chart view of AUDCAD Daily, for a larger view click on the screenshot. The market between the 0.9750 zone and the 0.96 zone.

      AUDCAD Daily

      Above – AUDCAD Daily

  2. Senejani says:

    Hi Timon. Great review as usual. Appreciate your work and I will continue to introduce you to those traders who are still struggling in this business. Cheers.

  3. Great..

  4. Hi Timon, I have all your videos and i have been following you closely to be a better trader… What is your view on the best chart time frame – 5 minutes,15 minutes,30 minutes,1 hr..?? Thanks for the information.

    • Hey Brooke,
      Yeah good question, the 4 hour is my preferred time frame for looking for evidence in the market at the important daily areas ( or zones ) and using the daily and weekly for analysis. The main reason for using the 4 hour time frame as the main evidence time frame is that offers more potential for reward than the daily at the important zones and is also a great performing time frame.
      Regards,

  5. Hi Timon, great video good man thanks.

  6. Hi Timon, do you mind sharing your view on the CADJPY?

    • Hey Thuso,
      Yeah sure, below is my chart view of CADJPY daily. ( click on screenshot for larger view of this market )

      Above – On CADJPY my bias is waiting for pullbacks on this market to the upside. My chart highlighting two important pullback areas on this market to the upside. Areas to the upside to look for bearish evidence and potential moves to the downside from these important areas. The 0.8030 zone being a great area to the upside to look for evidence next on this market.
      Regards,

  7. Much appreciated! It would be good to have a signal service – in the future perhaps – for folks who cant get to the charts at key times…). Great analysis!

  8. Great job on explaining the weekly forecast. Keep up the great work Timon.

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

  10. Hey Timon,
    Great review. Thanks a lot for your insight.. a bit of a strange one om EUR/USD and some of the USD pairs as USDCHF and USDCAD have recently bounced off their resistance. Will keep an eye on EUR/USD cautiously.
    Cheers mate

    Chris :()

    • Thanks Chris, you’re welcome. Yeah I know what you are saying, opposing correlations on those two markets cause a bit of a conflict referring to USDCHF and EURUSD.

      Above – As for USDCHF, that market was a great performer last week in price action giving a strong move lower from the 0.98 zone, an area highlighted in last week’s video review on this market as an area to look for bearish evidence and a potential move to the downside on this market from this area.
      Regards,

  11. Muhammad Shakeel says:

    great

  12. Hi Timon, thank you for the weekly reviews and you teachings of price action trading. would you say the GBP pairs are still a no go area or you just don’t include them in you review?

  13. Thank you Timon for an excellent weekly review. Received confirmation yesterday from my brokers they have now reduced their margins back down to the pre-Brexit levels. Looking to resume trading after closing all my trades at the end of June. Cheers mate JOhnR

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