Weekly Forex Review – 18th to the 22nd of January

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition of the review this week for the 18th to the 22nd of January 2016. Analysing 10 pairs and markets this week, including many of the major currency pairs, some cross based pairs and commodities.

Pairs and Markets Analysed this Week ( including looking at potential high probability opportunity zones, management points and targets ): EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD ( 4 Hour ), USDCHF, Silver, Gold, AUDNZD and EURCAD.

Main opportunity zones and areas of interest highlighted this week in the review are trend continuation type zones as well as highlighting a few high probability counter trend zones.

Above Video – Weekly Forex Outlook and Review for the 18th to the 22nd of January 2016.

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

EURUSD zones of interest

Above – Highlighting this week on EURUSD the 1.0830 zone where the market is testing right now as a great area on this market to look for bullish evidence and a potential move to the upside. Other zone on EURUSD to be aware of is the 1.1117 zone to the upside.

USDJPY zones of interest

Above – Highlighting this week on USDJPY a potential pullback zone, that zone is the 118.69 zone as an area on this market if the market pulls back to this zone next week to look for bearish evidence and a potential continuation lower on this market. Other zone highlighted in the review on USDJPY is the 116.20 zone as a potential counter trend zone and a potential management point and target to the downside for those holding sell trades on this market. The 116.20 zone is also an area to the downside where you can look for bullish evidence and a potential move to the upside on this market. However of course, being aware that the 116.20 zone is a counter trend zone on this market.

Gold zones of interest

Above – Highlighting this week on Gold this week in the review the 1080 zone area where the market is testing right now as a great area to look for bullish evidence and a potential move to the upside on this market.

AUDNZD zones of interest

Above – Same as last week’s review on AUDNZD, this week highlighting the 1.0570 zone as a potential area to look for bullish evidence 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 Timon, your views always appreciated.

  2. Thanks Timon for the review.

  3. Great review once again. Really appreciate the work Timon! Thanks again…

  4. Gary Phillips says:

    Thanks for the Great review! You have really helped my trading with the training’s and reviews.

    Gary… Florida!

  5. Timon,
    Your hard work and effort in these videos are much appreciated!

  6. Dominik Bartos says:

    Hello Timon, thank you very much for the overview

  7. Hey Timon
    Another great review, short and sweet, just the way I like them, have a good trading week!

  8. They look so simple when you review them – John

  9. Again, thank u always, appreciate your effort.

  10. Sajid Ahmed says:

    Thank you. Really appreciate your work.

  11. Hey Timon,

    Thanks for your weekly review… as always much appreciated and managed to get some pretty good moves from your zones highlighted on USDJPY last week.

    Chris from england

  12. Good reviews. I really like it .Thanks.

  13. Great work again! Thank you for sharing this with us.

  14. Thanks Timon, have a great trading week.

  15. Thank you Timon for an excellent weekly review. Thank you for highlighting last week the USD pairs which have started my trading on positive note for 2016. Got stopped out on AUDNZD by the sudden fall on Friday. Grateful for focus on EURCAD which shows the gaining strength of the EURO. Cheers mate JOhnR

  16. Good stuff TIMON

  17. Thanks for such a great work, helping others to know more.

  18. Thanks Timon, great outlook for the week ahead.

  19. Hello Timon,
    Thank you for your Forex Review, they are very helpful.

  20. Please keep it coming. It’s helping a lot of people. I love your Engulfing Trader series course. Great explanation and clear view on the market.

  21. Hi Timon,

    Hope you are well mate.

    question about the shaded areas (around the S/R horizontal lines) on your daily charts. I have noticed you shift the shaded area depending if price coming down to a line or up to a line from below.

    I can assume you are doing this look for a deeper retracement. Is this right?

    Thanks mate

    • Thanks James, yeah I am good, hope you are well as well.
      Referring to the shaded areas in green or red, they refer to an area where price action can test in that zone and still be considered testing an area.
      The way this area is determined is by tests of these areas in the past.
      As for why they shift slightly over time, they can shift slightly due to deeper tests of a zone.
      So as an example say a support is 1.30 and market keeps testing down to 1.2970 then one would include this as part of zone due to the tests of a zone area.
      Also if a market tests an area deeply in recent test of zone then zone can be adjusted accordingly to price action test low or high of area after test and holding of area in the market.
      I will note that when a zone is adjusted it is often only a small amount at the zone area of say 20 to 30 pips.
      Hopefully that helps answer your question on this topic.

  22. hi i am nick just made my trade using demo i made buy wen the market went down and sell wen the market went up but nothing happened and the market is now has passed these buy and sell is way above

    • Hey Nick,
      Hope had a great trading week. I would recommend contacting the broker you use, if price tested the order areas after placing then the orders should of opened.

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