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

Welcome to the Weekly Forex Review, a regular update here at Forex Reviews where I highlight a number of high probability trading areas ( opportunity zones ) in the Forex Market, areas to look for evidence and potential moves in the market, management points and targets. This week’s review and analysis is for the 10th to the 14th of October Forex Market.

Pairs and Markets Analysed this Week:

The reason for not covering GBP based markets this week was due to the unfortunate recent crash on these markets. I will not be highlighting GBP based markets until these markets price action settles. I commented on the recent crash after it happened last week in the review here.

Main zones highlighted this week in the review are high probability trend continuation type zones.

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

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

audusd daily trading zones

Above – Highlighting on AUDUSD this week a potential pullback area on this market, that area is the 0.7450 zone, a great area to look for bullish evidence and a potential move to the upside on this market.

audusd 4 hour trading zones

Above – AUDUSD on the 4 hour chart.

euraud daily trading zones

Above – Highlighting on EURAUD this week a potential pullback area on this market, that area is the 1.4860 zone, a great area to look for bearish evidence and a potential move to the downside on this market. The 1.4860 zone is an area that has acted as strong support multiple times in the recent past on this market.

nzdchf daily trading zones

Above – Highlighting on NZDCHF this week a potential area to the downside on this market, that area is the 0.6930 zone, a great area to look for bullish evidence and a potential move to the upside on this market. The 0.6930 zone is an area that has acted as strong support multiple times in the recent past 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.

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.


  1. Thanks so much.

  2. Thanks again Timon, your analysis is much appreciated. The GBP currencies got a pounding to the downside for whatever reason, so will wait until it settles. I watched your GBPNZD video that was sent last week. Really enjoyed it and gave me a “aha” moment. It all makes sense, now I just have to apply it. Kind regards.

    • You’re welcome Marya, thanks for the feedback.
      Yeah I agree, there was very unusual market conditions last week on that currency ( Pound based markets ) even before the crash.

  3. Thank you Timon for another great review.

  4. Hey Timon,
    Thanks for the review my good friend…..
    I am short AUD/USD from last week and have been using your trend trading series to move my stops on the 4hr charts. however Is it recommended when a new week starts I should move my stop back up to the resistance zone or is it still valid to trail the stops on every lower high?

    However thanks for all the other pairs.. REALLY APPRECIATED.


    • You’re welcome Chris, thanks.
      Locking in is still fine, just allow a a bit of extra room for the market before the weekend. 30 to 40 pips extra is usually fine.
      Have a great trading week.

  5. Roger Carey says:

    Thanks Timon, love your work, another great weekly review.

  6. Thanks Timon… Great help in building confidence… For us newbies.

  7. You are highly appreciated Mr Timon a very lovely analysis. Keep up the God work ?

  8. Hey Timon,
    Thanks for the review..
    I am holding a buy position on gold. What is your analysis on Gold?

    Using your Price action and 5 day trending method I have been profitable for the first time in Forex and metals.

  9. Henco Botes says:

    Hi Timon,

    Thanks for the review. Just a quick question, how much emphasis do you place on trending support and resistance zones. NZDUSD for example is in an upward channel since January (Daily chart) with the support still intact. However, the support is now being tested which coincides with the 0.7130 Zone also highlighted in your review. Your thoughts on this please.

    • Hey Henco,
      You’re welcome. Channel support or trendline support is a great extra confluence in trading to support a horizontal structure point, in the example of NZDUSD I agree, I also highlighted this area in the review as a bullish evidence area on this market ( the 0.71 zone ). Be aware though that the market can pullback lower before test the channel support level, potentially to the 0.7030 zone area.

      Above – NZDUSD Daily ( click for larger view )

  10. Henco Botes says:

    Further to my previous post, this is also now at the 61.8 Fib zone.

  11. Thanks Timon for another great review,

  12. Simon Goddard says:

    Hi Timon
    I am really enjoying your reviews.
    One question on this weeks review is on the AUDJPY I am just wondering why you have not highlighted the 78.62 area as a resistance zone?
    I have now studied all three of your courses, they are simply excellent!!

    • Thanks Simon.
      Yeah, good question. That is still a valid area on this market and I normally would highlight this area, however at the moment I am cautious on Yen based markets due to the recent stimulus discussions. Japan is quite concerned about a strong Yen and how it is effecting there economy.

  13. Thanks Timon, great review as always.

  14. Hi Timon!!

    Thank you for another great analysis and review.

    I appreciate it very much.

    Great Trading!

  15. Thank you!

  16. Sir, 10th to 14th USD/JPY, please explain with chart, I have been following for 1 month, very great analysis.

    • Hey Balu,
      That market is testing the 103.80 zone on this market at the moment which is a potential bearish evidence area on this market. I will note however that I am cautious on buying Yen ( such as selling USDJPY ) at the moment due to the recent stimulus discussions in Japan.

      Above – USDJPY Daily Chart and zoning – click for larger view.

  17. Thank you Timon for an excellent weekly review. It has been a very busy time with the AUD and GBP pairs which have been giving some excellent trades. I have been in long term trades in all the GBP pairs off an engulfing candle since the middle of September. There have been reports there is a move by vengeful EU officials to make us (UK) pay for leaving the EU. Bring it on! They do not know what they are doing is helping our economy and the price rises such as petrol are rising to levels we expect. Cheers mate JOhnR

    • You’re welcome John, thanks. Great to hear you caught some of that big drop ( crash ) on GBP last week. I agree with you, in my opinion, the crash was a planned event caused for political reasons.
      Have a great trading week.. 🙂

  18. Always making pips with your strategies. Thank you.

  19. Frank Nilson says:

    Thanks Timon, your reviews are appreciated.

  20. Thanks Timon, great stuff.

  21. Above – NZDUSD Daily Chart – click for larger view of this market.

    Forex Update: NZDUSD coming very close to testing potential bullish evidence area. Previous major zone low area ( significant horizontal structure point ) as well as aligning with bullish channel low support. Regards,

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