Weekly Forex Review – 10th to the 14th of April

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition of the review for the 10th to the 14th of April Forex Market.

Aspects highlighted in the review include analysing potential opportunity areas in the market, management point areas and targets. Plus, I take a look at how the price action moved on a number of different markets last week.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, GBPNZD ( 4 Hour ), EURNZD, USDCAD, AUDNZD and CADCHF.

Both High Probability trend continuation zones and counter trend zones highlighted this week in the review.

Above Video – Weekly Forex Outlook and Review for the 10th to the 14th of April Forex Market

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If so, then I highly recommend checking out our Forex Training Page. On that page are four current Training Series available. The Engulfing Trader Series for important high probability trading training, The 5 Day Trend Training Series for trend trading training and the more recent training release called The Candlestick Training Series for multiple candlestick trading and evaluating potential reward.

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

gbpusd chart daily

Above –  Highlighting on GBPUSD this week two potential zones:

  1. The 1.22 zone area as a potential area on this market to look for bullish evidence and a potential move to the upside from this area.
  2. The 1.27 zone area as a potential area on this market to look for bearish evidence and a potential move to the downside from this area.

audusd chart daily

Above – Highlighting on AUDUSD this week that where the market is starting to test ( the 0.7490 zone area ) is a great area on this market to look for bullish evidence ( and potential bullish opportunities ) and a potential move to the upside from this area.

eurnzd chart daily

Above – Highlighting on EURNZD this week two potential zones:

  1. The 1.5125 zone area as a potential area on this market to look for bullish evidence and a potential move to the upside from this area.
  2. The 1.5430 zone area as a potential area on this market to look for bearish evidence and a potential move to the downside from this area.

Midweek Forex Reviews

Come back and check below for potential upcoming Midweek Reviews in the week ahead. They will be added below.
Have a great trading week everyone and Happy Trading.

About Timon Weller

Timon Weller is the professional Trader behind the blog Forex Reviews as well as a 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.


  1. Thanks again Timon for your weekly update.

  2. As usual. Invaluable

  3. Hi Timon
    Thank you for weekly reviews
    great video again
    Could you analyze gold and Crude oil?

    • You’re welcome Shahin, thanks.
      Yeah sure. At the moment Gold is still testing that potential counter trend zone area on this market, the 1250 zone area. The bears have been trying to maintain this area multiple times in recent price action and are still holding this area. My bias on this market is still bearish at this area unless this market breaks above that recent bearish pin bar ( seen on daily ) on this market.

      Gold Daily 1250 bearish evidence zone

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


  4. Thank you ! I only just found your site last week and I already learned a lot from you!

  5. Idris omotara says:

    Thanks very much, I have being following you for long time.
    It’s good, thanks once again

  6. Claudemir Tavares says:

    Can you add a review for USD/JPY

    • Hey Claudemir,
      Yeah sure, I will cover that market again soon.
      Recently USDJPY tested the 110.30 zone area which was a potential bullish evidence counter trend zone on this market ( previous major low ) and gave a nice push to the upside from this area. My main preference on this market is still mainly looking for bearish opportunities on pullbacks to the upside.
      The 112.11 zone area ( good area to set alarms ) being a great area to the upside to look for bearish evidence and potential bearish opportunities on this market.

      Above – USDJPY 4 Hour – click chart screenshot for larger view

      • Claudemir Tavares says:

        Thank you Tim for your response, I purchased the engulfing trader series and I love the strategy, mainly use it for USDJPY trades.

  7. Thanks Timon for the weekly review. Very helpful. Keep up the good work you are doing. I am learning a lot from you every week. much Appreciated.

  8. Thankyou Timon, great job!!
    Quick question, i’m in a sell trade on gbp nzd like you said last week, what should i do now? Thanks.

    • You’re welcome Robert, thanks.
      I would suggest still managing trade setup according to the setup entry taken on the time frame you were trading this important area.

      Potential management point area to the downside on this market ( area to take partial profits ): 1.7670 zone area
      Potential Long Term Target Area: 1.7440 zone area.

      Above – GBPNZD 4 hour showing potential management point area on this market – click chart screenshot above for larger view


  9. Hi Timon
    l like your way of trading as it doesn’t involve indicators and using higher time frames
    What’s your view with Gold and S&P 500
    Best Regards

    Gondai from South Africa

  10. Thanks Timon
    another great weekly review, much thanks

  11. Thanks Timon for the weekly review. Very helpful. Keep up the good work you are doing. I am learning a lot from you every week. much Appreciated..

  12. Thanks Timon for your weekly review, can you please add USD/JPY?

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

  14. James Clark says:

    Thanks Timon. Very much appreciated.

  15. Thank you Timon
    your courses are my best investment
    you make trading forex so smooth so easy
    thanks a lot
    I wish I meet one day
    i am your student from the middleast

  16. Hello Timon, I recently purchased the Engulfing Trader series and feel it is a very powerful indicator in and of itself. I also appreciate your weekly review and was wondering how you choose which pairs to review each week.

    • Hey Andy, thanks for getting access to The Engulfing Trader and for the feedback.
      Yeah good question, I select between 8 and 13 markets out of the 35 markets that I keep and eye on a regular basis.
      If a market is near a zone I will give preference to that market in particular if it is a trend based zone in the market or a zone that has held multiple times in the recent past.
      Also if a market has not changed much since last week’s review on a particular market, I may not cover that market in the next review as my bias has not changed.

  17. Robin Dowd says:

    Thank you Timon. Well done.

  18. Hi Timon,

    Last two weeks i followed your lessons in youtube about engulfing candle and i gained 30% in my port. And thanks for your weekly review. YOUR THE BEST. 🙂


  19. Thanks Timon for the weekly review. Very helpful,
    much Appreciated..

  20. Hi Timon.
    I took GBPNZD candle on the daily chart of the 07/04/17 as an engulfing candle at structure. Monday I went short on the pair.
    Would you agree that to be correct. Pls let me know.

  21. HI thanks timon for this great review , i ‘ve been studying technical analysis for almost a year now , working only on demo account
    i’ve learned harmonics , supply n demand , and now i’m learning the naked trading , i wanna combine harmonics with naked trading , so can you plz give me some notes on how i can do that , and also im having some problems when identifying support and resistance zones i keep on identifying minor zones !!! any solution for this !! 🙁 bcz i can’t wait to start real trading im almost there only waiting for some help thanks again .

  22. Thanks Timon for three courses. I read all ur courses and my trading life style changed to profit making daily. Thank u once again, the courses worth more than the information. Pls is there a way u can create a trading live room? Where u ll teach live and show ur members what might likely happens next with the engulfing strategy to build more confidence.


    Thank you Timon, Wonderful videos,
    What do you think about what happened yesterday for the EURUSD, and you think it might reach 1.05 this week?

    I hope we can have live chat with you for markets updates.

  24. travis ninowsky says:

    GBPCAD…Hi Timon, I think this could be an interesting pair for the upcoming week as it as just retested the 1.66 zone ..which it has held as support in the recent past and may be able to see a move up to the 1.69 as a management point and then all the way up to the 1.71 area. great risk to reward trade

    warmest regards,

  25. Hi Timon,
    Happy Easter, we are missing your weekly review for this week
    I would like to ask when you are going to publish it please ?

  26. Hi Timon
    I need your advise for GBP I sold from 1.27 and its up too 1.2850
    do you think it would go down ?!

    • Hey Tarik,
      GBP overall was a strong market this week partly fueled by May’s recent early election announcement.
      Movement to the downside at the moment most likely would be limited to the 1.27 level as a pullback area before the bulls would try to take back control again after this recent strong rally above those previous highs.
      Currently this market is testing the 1.2880 zone area which is a bearish evidence area.
      My bias is mainly bullish on this market at the moment after this recent bullish strength on this market, to the downside if the market pulls back to the 1.27 zone area this would now be an area on this market where I would be interested in looking for bullish evidence and a potential move to upside on this market.
      On the other hand, if this market breaks above and closes above the 1.2880 zone area then this market could continue all the way up the the 1.31 area on this market.

      gbpusd 4 hour

      Above – GBPUSD 4 Hour Chart – Click chart for larger view

      Above – British PM Theresa May calls for snap general election

  27. Thanks very much Timon for your analysis, its very helpful.
    Do you offer signals service?

  28. hi Timon, its so sad for me this week that you did not give a review.

  29. travis ninowsky says:

    that GBPCAD had a great move this week but i dont think its over…I think it could test the 1.75 zone..where i would be looking for bearish evidence…also eurgbp is tesing 0.8330 zone…and i am looking for bullish evidence …. and watching the lows to the left and highs to the left or a move all the way up to the 0.8700 zone…



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