Weekly Forex Review – 14th to the 18th of March

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 14th to the 18th of March 2016. Many pairs and markets covered in the review this week, including analysing potential opportunity zones to be aware of this week, management points and targets.

Pairs and Markets Analysed this Week in the Review: EURUSD, GBPUSD, AUDUSD, USDCHF, Silver ( 4 Hour ), Gold ( 4 Hour ),  AUDNZD, CHFJPY, GBPNZD and AUDCAD.

Some of last week’s price action highlights: EURUSD moved higher from the previously highlighted 1.0830 zone ( bullish evidence area ) all the way to the 1.1118 zone, a potential long term target and management point zone highlighted on this market in previous reviews. Gold pulled back to the 1246 zone and a gave a move higher to test the previous highs on this market ( beneficial move to those that trade lower time frames ), the 1246 zone was a zone highlighted last week in the review to look for bullish evidence and potential moves higher on this market. USDCHF showed continued weakness from the 1.00 dollar zone, a zone highlighted on this market last week in the review and in the last few weeks of reviews to look for bearish evidence and potential moves lower from this area, potentially a move all the way down to the 0.98 zone, an area that was wick tested late last week.

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

Above Video – Weekly Forex Outlook and Review for the 14th to the 18th of March 2016.

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AUDUSD zones

Above – Highlighting two zones on AUDUSD this week:

  1. The 0.76 zone as a potential counter trend zone to the upside on this market to look for bearish evidence and a potential move to the downside.
  2. The 0.7360 zone as a potential pullback zone and continuation zone area on this market to look for bullish evidence and a potential move to the upside from this area.

gold zones

Above – Highlighting two potential pullback zones on this Gold again this week and areas to the downside to look for bullish evidence and a potential continuation higher on this market.

chfjpy zones

Above – Highlighting the 115.50 zone, an area the market is testing right now, as a potential area on CHFJPY to look for bearish evidence and potential continuation to the downside on this market.

As highlighted in previous reviews on this market, CHFJPY is in a downtrend and so optimally all we want to be looking for is those optimum pullback zones on this market and the 115.50 is a great area on this market to look for potential continuation. A great area to look for bearish evidence next week on this market.


gbpnzd zones

Above – Highlighting a potential pullback zone on GBPNZD this week in the review ( the 2.1530 zone ) and area if the market tests to zone this week to look for bearish evidence and a potential move to the downside 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 for the review.

  2. Thank you again for your sharing on weekly review, great effort.

  3. Great review Timon, many thanks and keep them coming! Would really love your thoughts on EURGBP at the moment….

    • You’re welcome John, thanks.
      Yeah sure, EURGBP is still testing the daily bullish trend zone, the 0.77 zone on this market. Baring in mind that this market is also testing a weekly zone ( bearish evidence zone ) as well.
      One way of aligning both views would be to see if market breaks below the daily low and pulls back as resistance like shown in screenshot below. That way, aligning on both time frames bearish view.


  4. As always a great review and as always right on the spot.
    Many thanks Timon for your knowledge and for sharing
    with us.
    Alf Garcia

  5. Thanks Timon, your insights are priceless.

  6. Thanks again for the reviews Timon – to the point…

  7. Thank you Timon for an excellent weekly review. The AUDNZD just continues to give excellent trades. Last week was the best so far this year with an engulfing candle breaking last week’s highs. Excellent Fibonacci trade on the EURAUD giving a 1:3 risk reward. Caught on the hop with strengthening GBP. Cheers mate JOhnR

  8. hi Timon
    you have missed out usd/jpy in your weekly review
    pl do the needful as it will be helpful to a many including me.

    • Hey Kailasam,
      The reason for not including USDJPY this week is because bias is the same as last week’s review on this market. To check my last week’s analysis on this market click here.

      Two zones to be aware on this market:
      The 116.30 zone: a potential pullback zone on this market and an area to look for bearish evidence and a potential move to the downside.
      The 112 zone: an area to look for bullish evidence and a potential move to the upside. Baring in mind that the 112 zone is a counter trend zone on this market.


      • The pair hasn’t hit 116 in a while. Why isn’t the resistance level moved to 114? The pair seems to be testing that resistance a couple of times

        • Hey Damien,
          The 114 zone is a potential management point zone ( pullback highs ) on this market that I highlighted last week in the review.
          Yes, it can be seen as a zone as well on this market, especially if looked at on the 4 hour time frame or lower.


          Above – USDJPY on the 4 hour chart – click to see larger view.


  9. What are countering zones?

    • Hey Damien,
      That would be counter trend zones which you are referring to. 🙂

      • Arh… Hahaha I didn’t pick up the term correctly then. Thanks. Are counter trend moves recommended in the engulfing strategy?

        • Hey Damien,
          Yeah no problems. 🙂
          With The Engulfing Trader method both types of zones can be looked at in the market, both trend based zones or counter trend zones.
          However I do recommend traders to limit the amount of counter trend zones that they look at for potential opportunities, reason being is they are less probability than trend based zones and they also in general they offer less potential for reward.

  10. Faran khan says:

    Great as always…Please add Ger30 and US index in your List….

  11. Hey TImon
    Thanks for another great weekly review!

  12. Thanks Timon, for another great review.

  13. Very Nice as always….Have a great trading week ahead…

  14. Thanks Timon again for a great review of the coming week. Much appreciated. Good trading everyone.

  15. Thanks Timon, really good work. Sunil, NZ

  16. Thank you!

  17. Thank you Timon for the great review. EURUSD did retrace to a point and continue up train.
    your truly sincere. hope to see your review for the weeks to come.

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