Welcome back everyone to another edition of the Weekly Forex Outlook and Review, this edition of the review this week for the 7th to the 11th of March 2016. Many Markets and Pairs covered and analysed in the review including highlighting potential high probability opportunity zones, management points and targets.
Pairs and Markets Analysed this Week in the Review: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, Silver, Gold ( 4 Hour ), GBPAUD, EURAUD, AUDNZD ( 4 Hour ), CHFJPY and NZDJPY.
Some of last week’s price action highlights: EURUSD testing the 1.0830 zone and moving higher as expected, a zone highlighted last week in the review to look for bullish evidence and a potential move to the upside on this market. USDCHF testing the 1.00 zone and moving lower as expected, a zone highlighted last week in the review to look for bearish evidence and a potential move to the downside on this market.
As for this week in the market: I am expecting another week with plenty of potential opportunities ahead in the market, in particular trend continuation type opportunities. Main opportunity zones highlighted this week in the review are trend continuation type zones.
Above Video – Weekly Forex Outlook and Review for the 7th to the 11th of March 2016.
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Above – This week on EURUSD I highlight a potential management point and target to the upside on this market for all those holding buy trades on this market from last week’s highlighted zone ( the 1.0830 zone ). That zone is the 1.1118 zone, an area on this market to look for bearish evidence and potential moves to the downside on this market.
How this market performed last week: EURUSD was a great performing market last week testing last week’s highlighted zone in the review of 1.0830 and moving higher from this important area.
Above – The area highlighted this week on GBPUSD is the 1.4250 pullback zone area where the market is testing right now, an area on this market to look for bearish evidence and a potential continuation to the downside on this market from this area.
Last week on this Market: GBPUSD last week pulling back strongly from the 1.3850 weekly zone area.
Above – Highlighting this week on NZDUSD the 0.6866 zone, an area on this market to look for bearish evidence and a potential move to the downside on this market if the market tests this zone this week.
Above – Highlighting on Gold this week in the review two potential pullback and continuation zones on this market to the downside to look for bullish evidence.
Great Performer: Gold has been a great performing market over the last couple of months of price action giving plenty of bullish opportunities to the upside on this market. Starting all the way back from the previous highlighted zone on this market of the 1080 zone, an area highlighted to look for bullish evidence in the past on this market back in the 18th of January Review.
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.