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

Welcome to this week’s edition edition of the Weekly Forex Outlook and Review, this review for the 4th to the 8th of September Forex Market. Aspects covered in the review include evaluating how price action moved last week on multiple markets, as well as highlighting potential opportunity areas, management point areas and targets.

Pairs and Markets Analysed this Week
: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, GBPNZD, GBPJPY, EURCAD, Gold, Silver, EURGBP and EURAUD.

For economic events this week click here.

Main opportunity areas 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 September Forex Market

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

audusd 4 hour trading areas 4th to 8th of september

Above – Highlighting on AUDUSD this week two zones:

  1. The 0.8050 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 0.7822 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

nzdusd 4 hour trading areas-4th to 8th of september

Above – Highlighting on NZDUSD this week two zones:

  1. The 0.7230 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 0.7050 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

eurcad daily trading areas 4th to 8th of september

Above – Highlighting on EURCAD this week the 1.4540 zone area as a potential long term target area to the downside for those holding a sell position on this market as well as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

Last week EURCAD tested the 1.4966 zone area, a potential bearish evidence area on this market and declined strongly from this area.

xauusd daily trading areas 4th to 8th of september

Above – Highlighting on Gold this week a potential pullback area on this market, that area is the 1292 zone area, a great area on this market to look for bullish evidence if the markets pulls back to this area this week to and a potential move to the upside from this area.

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. Thank you Timon for an excellent weekly review. Grateful to you highlighting EURAUD last week which continues to give another excellent short term trade off a pinbar. I have also profitable trades in some JPY pairs which I hope will continue into next week. Cheers mate JOhnR

  2. Thanks Timon for your review.

    How big in pips are your zones for the 4 hourly and daily charts when looking for bullish or bearish evidence?

    • You’re welcome David. I appreciate the comment.
      Yeah, good question. The size average in pips of a trading zone area is based off price action test averages of that area in the past. So depending on zone area and price action lows and highs in that area giving an area of support or resistance, they can range between 40 pips to 100 pips and in some cases a bit larger than 100 pips.
      Regards,

  3. Hi
    I always appreciate your reviews Timon.
    Could you analyze ETHEREUM / DOLLAR please?

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

  5. Pankaj Sharma says:

    Sir, what about EURJPY ?

    • Hey Pankaj,
      Yeah sure, I can comment on that market. My main trading bias on this market at the moment is bullish as this market is still in a uptrend, however I have been focusing on two important areas on this market.

      1. The 128.64 zone area as a potential bullish evidence pullback area – recently on the last test of this important area, this market gave a strong move higher from this area
      2. The 131.24 zone area as a potential bearish evidence area.

      Below is my current chart view of this market.

      Above – EURJPY Daily – click chart screenshot for larger view of this market

  6. Marc Nicque says:

    First week Im following you, see if you are right.

  7. Great analysis, Timon. Thank you and and have a great trading week!

    • Also, what is the reason for the screenshots posted below the analysis? Are these pairs prime setups or just random selections?

  8. Thank you timon for the review appreciated as always I had a quick question for you I have now watched over 100 hours of free training videos through your YouTube and I was wondering which Core training video out of the four that you offer should I start with or is the most important?

  9. hello!
    What is your view at usdcad and usdjpy for this week?
    thank you

    • Hey Albert,
      Yeah sure, I can comment on those.

      USDCAD – Recently this market broke below the 1.2420 zone area and closed below this area. Now that the market has done this, my bias is seeing this area as a potential bearish evidence pullback area on this market.

      Above – USDCAD 4 Hour – Click chart for larger view of this market

      USDJPY – Recently this market gave a nice move to the downside from the 110.30 zone area, a potential bearish evidence area on this market and now this market is getting close to testing the 108.30 zone area which is a potential bullish evidence area on this market.

      Above – USDJPY 4 Hour – Click chart for larger view of this market

  10. Hi Timon
    Could you tell me which broker working with New York daily time frame?

  11. Thanks for the insights Timon

  12. Ali Senejani says:

    Thank you for the great video Timon.

    • Ali Senejani says:

      By the way, what is your view on EURNZD?

      • You’re welcome Ali, thanks.
        As for EURNZD, my bias of that market is still the same as the last review of that market, if the market pulls back to the 1.6167 area, this is a area on this market where I am interested in looking for a potential bullish opportunity on this market.

        Above – EURNZD Daily – click chart for larger view of this market

  13. Thanks Timon

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