Welcome back everyone to this week’s edition of the Weekly Forex Outlook & Review, this edition this week for the 5th to the 9th of December Forex Market. Aspects highlighted include analysing potential opportunity zones, areas to look for evidence and potential moves in the market, management points and targets. Also, I take a look at how price action moved last week on many markets.
Pairs and Markets Analysed this Week: EURUSD ( 4 Hour ), GBPUSD, NZDUSD ( 4 Hour ), AUDUSD ( 4 Hour ), USDCAD, NZDCHF ( 4 Hour ), AUDNZD ( 4 Hour ), EURGBP, EURAUD, USDCHF, USDJPY ( 4 Hour ) and GBPJPY.
Some of the markets that performed well from the important zones highlighted last week in the review include EURUSD, AUDUSD, NZDUSD and AUDNZD.
Both high probability trend continuation type zones and counter trend zones highlighted this week in the review.
Above Video – Weekly Forex Outlook and Review for the 5th to the 9th of December Forex Market
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Above – Highlighting on GBPUSD this week the 1.2860 zone as a potential target to the upside for those holding buy trades on this market as well as a great area to look for bearish evidence and a potential move to the downside from this area.
Above – Highlighting on AUDUSD this week the 0.7465 zone as a great area on this market to look for bearish evidence and a potential move to the downside on this market. The 0.7460 zone was an area that gave a strong move lower last week ( bearish evidence area I highlighted last week in the review ) from this area and now the market is coming back to retest this important area once again.
Above – Highlighting the 0.8330 zone as a great area to the downside on this market to look for bullish evidence and a potential move to the upside on this market from this area.
Above – Highlighting on USDJPY this week a potential pullback area on this market, that area is the 111.60 zone, a potential area on this market to look for bullish evidence and a move to the upside 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.