Weekly Forex Review – 6th to the 10th of June

Welcome back traders to another edition of the Weekly Forex Outlook and Review, this edition this week for the 6th to the 10th of June Forex Market. Aspects highlighted this week in the review include analyzing and highlighting potential opportunity zones, areas to look for evidence and potential moves in the market, as well as potential management points and targets.

Pairs and Markets Analysed this Week: EURUSD ( 4 Hour ), AUDUSD ( 4 Hour ),  NZDUSD, CADCHF, GBPJPY, USDCHF, USDJPY, USDCAD, AUDCAD and NZDCAD.

Great performing week last week in the Forex Market with lot’s of markets performing well from the important zones. To name a few of the markets that performed well: EURUSD moved strongly higher from the 1.1150 zone, an area highlighted in previous reviews to look for bullish evidence and a potential move to the upside from this area. GBPUSD tested the 1.4650 zone deeply before moving strongly lower from this important area, an area highlighted in previous reviews on this market to look for bearish evidence at this area and a potential move to the downside. GBPJPY moved strongly lower from the 162.30 zone ( bearish evidence zone ) all the way down to retest the 154.70 zone once again. USDJPY moved strongly lower after testing the 111.30 zone, an area highlighted last week in the review as an area to look for bearish evidence on this market and a potential move to the downside from this important area. Gold and Silver tested last week’s highlighted zones and moved strongly higher from these important areas ( the 1211 zone on Gold and the 15.90 zone on Silver ).

As for this week in the market, I am expecting another great week ahead with plenty of potential opportunities. Main opportunity zones highlighted this week in the review are Trend Continuation type zones.

 
Above Video – Weekly Forex Outlook and Review for the 6th to the 10th of June 2016.

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

eurusd h4 structure

Above – Highlighting on EURUSD this week a potential management point and target to the upside for those holding buy trades on this market and area next to look for bearish evidence and a potential move to the downside on this market. That zone is the 1.1440 zone, an area that I have highlighted on EURUSD multiple times in previous recent reviews on this market and a area that has given multiple moves to the downside from this important area.

cadchf daily structure zone

Above – Highlighting on CADCHF a potential pullback zone on this market as a great area if the market tests this zone this week to look for bullish evidence and a potential move to the upside from this important area. That area is the 0.74440 zone.

gbpjpy daily structure

Above – Highlighting the 154.70 zone on GBPJPY as a potential management point and target to the downside for those holding sell trades on this market and a potential counter trend zone area to look for bullish evidence and a potential move to the upside from this important area on this market.

usdjpy daily structure

Above – Highlighting on USDJPY this week a potential pullback zone on this market, that zone is the 1.08 zone, an area if the market tests this zone this week as a great area on this market to look for bearish evidence and a potential move to the downside from this important area.

nzdcad daily structure

Above – Highlighting on NZDCAD this week the 0.8990 zone, an area where the market is just starting to test as a great area on this market 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. Thanks Timon for the valuable review every week.

  2. Yes Timon, great video as always thank you. Quick question Timon, what do you think of trading signals, do you use them and are they any good?

    • Again brilliant timon , i really want to thank you for your previous report. following your reports am always making money.
      I do really appreciate you sharing us your knowledge , thank you man.

  3. Thanks Timon, great review.

  4. Looking forward to a great trading week ahead with your helpful reviews.

  5. Barrie Strong says:

    The primary reason for the USD deterioration was simply the disastrous NFP numbers.. a case where Fundamentals supersede technical analysis.

  6. Hey Timon
    Another great weekly review, short and sweet, have a great trading week!!

  7. Scott Gebhardt says:

    Mr. Timon Weller,
    I cant express my gratitude enough. You and your training courses have taking me to profits in the 1st day of utilizing it. I highly recommend your training courses to any one and absolutely love your weekly reviews. It helps make sure we know where to set structure and what to look for when it gets there. Thanks to you Timon I can actually see myself firing my job soon. LOL

  8. Senejani says:

    Hi Timon. Thank you for the nice video.
    Can I ask why do you use 4H chart for some pairs and you use daily for other pairs? Is it because the zones are clearer on 4H chart compared to daily?

    • Hey Senejani,
      You’re welcome.
      Yeah sure. The important zones can be looked at on daily, 4 hour or 1 hour or whatever time frame suits you as a trader. So when I am highlighting an area on the 4 hour or lower I am just highlighting that important area on that time frame. Only exception to this is when a market is in a strong daily trend then sometimes I will highlight a lower time frame pullback zone aligning with that trend.
      Regards,

  9. Brilliant as always. thanks again!!!

  10. Jose Laboy Rivera says:

    You are a genius my friend! Please do keep on doing what you have been doing! I wish you were my mentor! Thank you for everything! I appreciate the consistency & dedication 😉

  11. Ken McInnes says:

    Thank you,Timon!! i always appreciate your insights and evaluations..

  12. Allen Sen says:

    Thank you very much Tim,

    Have a Great week.

    Kindest Regards,
    Allen

  13. Thanks Timon, just fantastic reviews as usual.

  14. Preston says:

    Timon,
    You have quite a few followers here on your site. I wish you had more content, like webinars on trades you took and how you managed them. or a paid copier service, chart patterns. Something so we could ingadge you more. Your one of the few that put out this kind of content with out charging for it.
    Thank for your dedication.

  15. Hi Timon

    Why do you trade FX and not equity indexes ? Is it because there is less manipulation in currencies and this makes them more predictable ?

    Many thanks for your great work.

  16. Thank you Timon for an excellent weekly review. The market appears stagnate or some pairs are not reacting to structures as expected. My trading strategies are not suitable in this sort of market. I closed all my trades at the end of last month and will remain sitting on my hands until the effects of the Brexit vote here in the UK have been absorbed by the market. Cheers mate. JOhnR PS. I have received emails from my brokers stating they are adjusting the margin requirements leading up to Brexit so there will be very little chance of trading effectively anyway. Cheers!

  17. Maurice Donnelly says:

    Hey Timon,
    Thank you for your insight with the Weekly Forex Reviews… I recently purchased your Engulfing Trader video series and that has helped me to consolidate my trading profits as well…
    Cheers
    Maurice

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