Weekly Forex Review – 15th to the 19th of January

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 15th to the 19th of January Forex Market. Aspects covered in the review include analysing how price action action moved last week on multiple markets as well as highlighting potential opportunity areas, management points and target areas to be aware of this week.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, NZDUSD, EURGBP, USDCAD, EURNZD, EURAUD, AUDCHF and USDJPY.

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

For economic events this week click here.

 
Above Video – Weekly Forex Outlook and Review for the 15th to the 19th of January Forex Market

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eurusd 4 hour pullback bullish trading area

Above – Highlighting on EURUSD this week a potential bullish evidence pullback area, that area is the 1.2067 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area.

Last week this markets price declined strongly from the 1.2067 zone area, a area highlighted last week in the review as a potential bearish evidence area moving all the way down to the management point low, then the bulls took control pushing this market back up to retest this high area again, then on retest of this area the bears failed to hold with the bulls breaking above and closing above this important area. Now that this market has broken above this area, the 1.2067 zone area is now a great area on a pullback and test of this area to look for a potential bullish opportunity on this market and a potential move to the upside from this area.

nzdusd daily bullish pullback trading area

Above – Highlighting on NZDUSD this week a potential bullish evidence pullback area, that area is the 0.72 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area.

Last week this market had another strong week against the US dollar pushing higher to test the 0.72 zone area where the bulls defeated the bears breaking out above and closing above this zone. Now that this market has broken above and closed above this area, I suggest this area as a potential bullish evidence area on this market.

nzdusd 4 hour bullish pullback trading area

Above – NZDUSD 4 Hour showing bullish evidence pullback area.

audchf 4 hour bullish trading area

Above – Highlighting on AUDCHF a great target area to the downside for those holding a sell position on this market as well as a great area on this market to look for bullish evidence and a potential move to the upside. That area is the 0.7590 zone area.

usdjpy daily bearish pullback trading area

Above – Highlighting on USDJPY this week a potential bearish evidence pullback area, that area is the 112.11 zone area, a great area on this market to look for bearish evidence and a potential move to the downside from this area.

Last week USDJPY broke below and closed below the 112.11 zone area, an area that if retested this week is a great area on this market to look for a potential bearish opportunity in this area.

Midweek Forex Reviews

Come back and check below for potential upcoming Midweek Reviews ( video or comment updates ) in the week ahead.
Have a great trading week 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.

Comments

  1. Another great video

    Thanks

  2. Your doing good job. Have a nice week!

  3. M. Slim Fayache says:

    Excellent reviews…please keep up the great work !

  4. Thanks Timon for the phenomenal review this week. I’m in a bearish position for NZD/CHF. Should I just take my loss now or do you think it will start going down anytime soon?

    • You’re welcome Tony, thanks.
      Where about’s did you enter on NZDCHF? Below is my current chart view of this market.

      Above – NZDCHF 4 Hour Chart – click chart screenshot for larger view of this market

  5. Thanks for your review this week Timon and have a good trading week.

    David

  6. paul o sullivan says:

    Hi Timon
    Trying to get your email updates, but not receiving the emails from you, any suggestions?
    Great review, thank you.

    Paul

    • Hey Paul,
      Please contact at the contact us page with your email details and last email update you received from me and I will check for you.
      Just in case you have not checked yet, make sure to check in spam folder in case the emails updates got falsely filtered.
      Regards,

  7. Hi Timon,
    Thanks for the review.
    What are your thoughts of CAD/JPY? In your last review, you were looking the 88.39 support area,

    Regards
    Taison

    • Hey Tai, you’re welcome.
      Below is my current chart view of that market. My bias is the same on that market however a slight adjustment higher on the bullish evidence area.

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

  8. David Hood says:

    Had an awesome week last week….thanks Timon ….David H.

  9. Hi Timon,
    Thanks for another video – have you checked out GBP/AUD GBP/CHF NZDCAD NZDCHF? On 4H all look to me like likely selling opportunities to me – today is Sunday 17.02 GMT
    Downward channels plus bearish engulfing on the CHF pairs.
    All the best, David

  10. Marc Nicque says:

    Thanks again. New this week is that you mentioned that you hold some positions. So we don’t feel lonely !!

  11. Thanks for the good work Timon, highly appreciated.

  12. Once again, thank you Timon. Have a great trading week. Cheers!

  13. David Hood says:

    Could you tell me how how to plug into the mid week reviews mentioned above, thanks David H.

  14. thanks for a great review and have a great week.

  15. Hey Timon
    another great weekly review – have a great week!

  16. Thanks Timon

  17. Marc Nicque says:

    Timon,
    What do you expect if you look to the dxy, looks the dollar is falling.

  18. Frank Nilson says:

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

  19. Thanks! what do you say to about usdjpy? now

  20. Forex Update: In recent price action the bears held the 17.23 zone area on silver which is a potential bearish evidence area on this market and now price action is testing that minor low area and management point area on this market. Potentially this market may continue all the way down to the 16.58 zone area on this market which is a potential long term target area to the downside for those holding a sell position on the market as well as a great area on this market to look for bullish evidence and a potential move to the upside from this area. Potentially all the way up to that minor low area or potentially all the way up to the 17.23 zone area again.

    Of course, if this minor low area acts as support again and price action moves back up to test the 17.23 zone area that this would once again be a great area on this market to look for bearish evidence and a potential move to the downside from this area.

    Above – Silver 4 Hour Chart – click chart screenshot for larger view of this market

  21. EURUSD: A quick update of EURUSD to highlight a potential bearish evidence area on this market where the bears have been holding multiple times in recent price action. That area is the 1.2291 zone area, a potential area on retests of this area to look for a bearish opportunity on this market.

    Above – EURUSD 4 Hour – click chart screenshot for a large view of this market

  22. great prediction

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