Weekly Forex Review – 1st to the 5th of February

Welcome back traders to this week’s edition of the review, this edition of the review this week for the 1st to the 5th of February 2016 Forex Market. 11 pairs and markets covered this week in the review analyzing potential zones, management points and potential targets. Also in the review, I take a look at last week’s market price action moves on a number of different markets.

Pairs and Markets Analysed this Week: EURUSD, AUDUSD ( 4 Hour ), NZDUSD ( 4 Hour ), USDCAD, USDCHF, Silver, AUDCAD, GBPAUD, AUDNZD, EURCAD and GBPNZD.

Great performing week last week in the Forex Market with lot’s of markets performing well from the important zones. To name a few of the markets that performed well: AUDUSD giving a strong move higher from last week’s highlighted zone ( from the 0.6940 zone to now testing the 0.71 management point zone ), AUDNZD completing a move to a long term major management point zone or target ( from the 1.0570 zone to the 1.09 zone ), Gold breaking higher as expected and USDCHF hitting and testing its long term target and management point at the 1.0225 zone from the previously highlighted 0.98 zone.

As for this week ahead in the market, I am expecting another great week ahead with plenty of potential opportunities. Main opportunity zones highlighted this week in the review are Trend Continuation type zones.

Above Video – Weekly Forex Outlook and Review for the 1st to the 5th of February 2016.

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eurusd daily zones

Above – EURUSD pulling back to test the 1.0830 zone again this week, an area highlighted in the review to look for bullish evidence and a potential move to the upside on this market. The 1.0830 is an area that has held on this market multiple times and that the bulls have defended on this market since December 2015.

audusd 4 hour zones

Above – This week on AUDUSD I highlight a potential management point and target to the upside for all those holding buy trades on this market and that is the 0.72 zone. I also highlight that this a a great area on this market next to look for bearish evidence and a potential move to the downside on this market. At the moment this market is testing the 0.71 zone on this market which is a potential management point zone to the upside on this market.

In replay from last week’s market price action: AUDUSD performed really well last week from last week’s highlighted zone, the zone highlighted last week was the 0.6940 pullback zone, an area highlighted on this market to look for bullish evidence and a potential move to the upside from this important area.

NZDUSD 4 hour zones

Above – Highlighting this week on NZDUSD a potential pullback zone on this market, that zone is the 0.6450 zone, an area on this market to look for bullish evidence and a potential move to the upside.

USDCHF daily zones

Above – Highlighting this week on USDCHF the 1.0225 zone where the market is testing now as a great area on this market to look for bearish evidence and a potential move to the downside. Also this is a great management and target for those that have been holding buy trades on this market.

This market has performed really over the last month from the previously highlighted zone on this market. That zone was the 0.98 zone, an area highlighted in December 2015 to look for bullish evidence on this market at this area and a potential move to the upside, potentially a move long term all the way to the 1.0225 zone which the market has just reached in late last week’s price action.

Overall a great performing market reaching it’s long term management point and target from the previously highlighted zone ( from the 0.98 zone to the 1.0225 zone – around 370 pip move on this market ).

GBPNZD daily zones

Above – Highlighting a potential pullback zone on GBPNZD this week, that zone is the 2.2468 zone, an area if the market pulls back to this zone this week to look for bearish evidence and a potential move to the downside on this market.

Gold daily zones

Above – Gold progresses higher last week in price action breaking above the 1108 management point zone on this market and now the market is pulling back. Potentially the 1108 is a great pullback zone area on this market where traders can look for bullish evidence on this market next week and a potential move to the upside, potentially a move all the way up to the 1148 zone 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 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.


  1. Thanks once again Timon, have a great trading week ahead.


    • You’re welcome Nazeem.
      You too, have a great trading week.

      • Hey Timon, I am new here and want to thank you for your weekly reviews. I am starting to look forward to Sundays for this very reason. I intend to look into your courses and learn your style as-well.
        on a different note… why is there an affiliate link on this page selling some other trading program? Stay true to your self brother and offer your products only.”)

  2. Thanks Timon
    Great stuff on this website

  3. This is great info. Thanks v. much for putting this stuff out. Much appreciated and have a great week!

  4. Hi Timon, Great stuff as usual.
    Can I ask how many pairs/positions you may have open at 1 time? and how much of your acc % you risk per position I have always been advised to not risk more than 1% of my trading capital or 1 Lot so if I were taking 4 x positions I would be looking to trade 0.25 lots x 4 ? is this something you agree with.
    Thanks again for the great videos

  5. Thanks Timon, have a great Trading Week Ahead…

  6. Timon,thank you so much for all your wisdom your sharing with us.I was wandering if you would add a stock or commodity that you find with good potential to your list?
    I know your busy enough going through this information .
    Thanks again

  7. Hi Timon,
    Great delivery always. Thank you for the awesome info and video.
    Have a great trading week.Cheers!

  8. Hello Tim Weller
    I like your training videos with your method.
    I will try and follow you in my trading.
    A big thank you Tim.
    Kind regards.

  9. Mike Conlin says:

    Hi Tim
    Thanks for the heads up info. Great site.

  10. Faran Khan says:

    Your analysis is helpful for me and gives me the confidence to trade. Bundle of thanks.

  11. Thanks Timon, very helpful.

  12. Awesome analysis… sir you have such a nice simple method of trading… .. i love your trading style… great … thank u so much… very helpful…

  13. Emmanuel Chisala says:

    Another job well done. Thanks for the work, well done Timon.

  14. Thanks Timon,
    Your forex reviews are always very helpful.

  15. Thank you Timon for an excellent weekly review highlighting changes in the market that will give some potentially good moves in the forthcoming weeks. Looks like CAD is running out of steam with its short term rally so I am closing my trades and waiting for entries into the continuing downtrend as you have highlighted in this review. Thank you for highlighting AUDNZD in the past weeks which after having been stopped out in a previous trade has given a decent 152 pip gain. Cheers mate JOhnR

  16. When trading the H4 setup do you still use the D1 structures or do you adjust them to the H4 pattern?

  17. Kerry Edwards says:

    Hi Timon, I just wanted to let you know that I appreciate your weekly updates and I have already purchased a few of your products which are very informative. Please keep up the great work! However, I was wondering if you have a trading room?


  18. Jagdish Chaudhary says:

    Hi Timon,
    I like your analysis Very much…… But i want to learn many things from you………You draw support and resistance area in daily or 4H time frame..BUt i want to know what time frame is good for entry if we draw S and R in daily and 4H?

  19. Timon. Keep up the good work.

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