Weekly Forex Review – 22nd to the 26th of January

Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 22nd to the 26th of January Forex Market. Aspects highlighted include evaluating price action moves from last week as well highlighting potential opportunity areas, management point areas and target areas to be aware of this week on multiple markets.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, NZDUSD, Gold, Silver, USDCHF, AUDCAD and EURGBP.

Highlighting technical trend continuation areas ( preferred trading area ) and counter trend trading areas on multiple markets this week.

Be aware that the US government shutdown over the weekend may affect some US based pairs and markets on open this week. I myself am not expecting a huge price reaction on open due to this recent event, however, I always suggest traders to be prepared for surprise events like this that may affect price by trading with low risk and minimizing exposure.

 
Above Video – Weekly Forex Outlook and Review for the 22nd to the 26th of January Forex Market

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audusd daily bearish and bullish trading areas

Above – Highlighting on AUDUSD two potential trading zone areas:

  1. The 0.7831 zone area as a great area on this market if the market tests this area this week or in the near future to look for bullish evidence and a potential move to the upside from this area.
  2. The 0.8050 zone area as a great area on this market if the market tests this area this week or in the near future to look for bearish evidence and a potential move to the downside from this area.

Last week AUD had another strong week against the US dollar, continuing higher to almost test the 0.8050 zone area ( potential bearish evidence area mentioned in this week’s review ).

silver 4 hour bullish and bearish trading areas

Above – Highlighting on Silver  this week two potential trading zone areas:

  1. The 16.58 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.
  2. The 17.23 zone area as a great area on this market to look for bearish evidence and a potential move to the downside from this area.

Last week silver retested the 17.23 zone area which is a potential bearish evidence on this market, where the bears defended once again pushing price lower to retest that recent minor low on this market.

My main bias on Silver is trading bullish evidence areas on this market at the moment as this market is in a uptrend.

eurgbp bullish trading area

Above – Highlighting on EURGBP the 0.8758 zone area as a potential bullish evidence area on this market, a great area to look for a potential bullish opportunity on this market if price action tests this area this week.

Midweek Forex Reviews

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

 
Above – Midweek review of GBPUSD.
 
Another update this week was an update of EURGBP which can be viewed here.

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. Thanks for sharing your weekly review on the markets Timon

  2. Great review Timon, have a great week!

  3. Frank Nilson says:

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

  4. Thank you Timon.
    I always learn something new from your weekly reviews.
    Regards,
    David

  5. Hi Timon. Another great review highlighting levels of interest. Keep it simple and wait for the reaction of the market to tell you what to do.
    Hope you get your 600 Likes. Have a good week..
    Gary

  6. Please highlight gbp/nzd for the week.
    Thanks

    • Hey Sk,
      Yeah sure, below is my chart view of that market.
      The zones of interest that I am interested in on this market at the moment are:

      1. The 1.8811 zone area as a potential bullish evidence area. A great area on this market to look for a potential bullish opportunity on this market and a potential move to the upside from this area.
      2. The 1.9399 zone area as a potential bearish evidence area. A great area on this market to look for a potential bearish opportunity on this market and a potential move to the downside from this area.

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

      Above – GBPNZD 4 Hour Chart zoomed out – click chart screenshot for larger view of this market

  7. Hi TImon
    Thanks for the review – much appreciated, have a great trading week!!

  8. Marc Nicque says:

    Thanks Timon,
    Where can I find the like button???

  9. Thanks very much Tim,

    Your reviews are very helpful.

    Happy Trading week

  10. Hi Timon. Thank you so much. Such a great strategy and review. I’m telling more and more of my friends about you!! Just like to know if I’m in the good place. I’m in the CAD/USD in a bullish and in USD/JPY also bullish.
    Waiting to hear from you!!

  11. hi timon thanks for another great review take it easy

  12. Hey Tim,
    Could you provide an update on nzd/usd please?

    • Looking at the weekly chart it seems like a bearish pinbar is forming.
      Obviously we’d need to wait for the weeks close to confirm.
      Daily has posted a pinbar yesterday. I’m looking to hold this trade into next week.
      Your opinion is appreciated on this market.

      Thanks

    • Hey Shaz,
      Yeah sure. NZDUSD recently tested the 0.7375 zone area which is a potential bearish evidence area on this market.
      As can be seen in screenshot below the bears defended this area recently on 4 hour and potentially this market may move all the way down long term to the 0.72 zone area which is a potential long term target area to the downside for those holding a sell position on this market.

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

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