Weekly Forex Review – 12th to the 16th of February

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 12th to the 16th of February Forex Market. Aspects covered in the review include evaluating how price action moved last week on multiple markets as well as highlighting potential opportunity areas ( high probability trend continuation and counter trend trading areas ), management point areas and target areas to be aware of this week.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, NZDUSD, USDJPY, GBPAUD, EURCAD, USDCAD, Gold and GBPNZD.

For economic events this week click here.

 
Above Video – Weekly Forex Outlook and Review for the 12th to the 16th of February Forex Market

Are You Looking for an Effective Trading Strategy?

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.

eurusd daily 1.2290 bullish evidence area

Above – Highlighting on EURUSD this week that where the market is testing right now which is a the 1.2290 zone area ( potential bullish evidence area ) is a great area on this market to look for bullish evidence and a potential move to the upside from this area.

xauusd 4 hour bullish evidence area

Above – Highlighting on Gold  this week a potential target area for those holding a sell position on this market from the 1341 zone area as well as a great area on this market to look for bullish evidence ( the 1298 zone area ) and a potential move to the upside from this area.

xauusd daily bullish evidence area

Above – Gold Daily Chart

gbpnzd h4 1.88117 bullish evidence area

Above – Highlighting on GBPNZD this week a potential target area for those holding a sell position on this market from the 1.94 zone area ( bearish evidence area that was tested last week ) as well as a great area on this market to look for bullish evidence ( the 1.88117 zone area ) and a potential move to the upside from this area.

gbpnzd daily 1.88117 bullish evidence area

Above – GBPNZD Daily Chart

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 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.

Comments

  1. David O'Meara says:

    Thanks for your review Timon.
    I have a technical question on using MT4.
    How do you add the shaded zone area to MT4 charts?

    Thanks

    David

  2. Wasfi Cheaito says:

    Hi Timon
    Thank you for your review. Its excellent and helpful.

  3. It was nice to have some of the old charts refreshed. Thanks!

  4. Always look forward to your reviews. Thank you very much for your time and effort to help all of us.
    Really enjoyed “The Engulfing Trader” series as well. I recommend it to anyone who wants to truly improve their trading.

  5. Ali Senejani says:

    Hi Timon. Very nice to see your weekly video. Short, simple and informative. Thanks.

  6. Daniel Arque says:

    Thanks for another great video

  7. TOny Biasillo says:

    Very good review Timon – thanks!!

  8. Thxs Timon, for the great heads up ever week on forex reviews which helps me to learn forex as you are a great teacher, whom goes extra miles to help everyone in need. If it is not for you I almost give up on forex. I am still learning.
    I really appreciate you, god bless for opening my eye to this wild world of forex.

    Refards
    Siraj

  9. Belinda Madzhie says:

    Thank you for the reviews. What exactly is the bullish evidence you are always looking for?

    • You’re welcome Belinda,
      Yeah, good question. Evidence such as what I refer to in the weekly reviews as Bullish evidence or Bearish evidence is an aspect I go over in detail in the Forex Training at the website such as in The Engulfing Trader, The 5 Day Trend Training Series and The Candlestick Training Series. It includes aspects such as aligning candlesticks ( engulfing, pin bars, railroads, etc ), structure retests, trend evidence and retracement confluences at an important area in the market.

      Evaluating both Evidence and Risk to Reward when a market tests a trading zone helps a trader decide whether to consider a potential opportunity in the market or not.
      Regards,

  10. Timon
    What about on the USDJPY 4-Hr, a bounce off 108.32 for a target in the 110 area?

    • Hey Ross,
      Yeah that is a valid bullish evidence counter trend trading area.
      A valid area to look for a potential bullish opportunity on this market and a potential move to the upside all the way back up to the 110.26 zone area.
      Regards,

  11. Thanks Timon, great reviews! what with the usdcad, if it break thru?? thanks

    • You’re welcome Toby, thanks.
      Yes, even though this is a high probability trading area in the market, there is always a possibility that a zone will not hold. That is a part of the trading process however, making more money from valid trades taken at zones that do hold and offer an opportunity and taking a small loss from the zones that offer an opportunity that do not hold.
      Regards,

  12. Ali Senejani says:

    Hi Timon. USDJPY performed well from that resistance and now it has broken 108 support. Are we looking at 106.800 for the next management point? Thanks.

  13. Karl Eglington says:

    Hi Timon,

    Thanks for the hard work mate!

    Kind regards,

    Karl

  14. Forex Update – EURUSD was a great performer this week, giving a strong move higher from the 1.2291 zone, area highlighted this week in the review as a great area to look for a potential bullish opportunity on this market. Potentially this market may continue all the way up to the 1.2510 bearish evidence area ( potential long term target ) or potentially even higher in the trend.

    Above – EURUSD 4 Hour – click chart for larger view of this market

  15. Thanks, this is really nice. Bless bro.

  16. Thanks Timon i love the forex update!

  17. Samir Awadallah says:

    Timon thanks you have been a great trading mentor for me…I cant wait to make enough money to visit Australia and to meet you in person…Thank you so much!!!

  18. Joel Kimeli says:

    Hi Simon.
    Thank you for your videos. You present your market analysis in a way that novice traders like me can easily follow and understand. I have taken time to review your weekly predictions and note that:-
    1. Your prediction for general market direction is right. However, I have found it challenging to identify the correct entry point for my trades.

    2. Some currency pairs seem to be more predictable than others.

    Hope I could find a way of addressing those issues. Anyway, kudos for the great job!

    Regards

    Joel – Kenya

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