Weekly Forex Review – 29th of January to the 2nd of February

This week’s edition of the Weekly Forex Outlook and Review for the 29th of January to the 2nd of February Forex Market. Aspects highlighted in the review include analyzing how price action moved last week on multiple markets as well as highlighting potential opportunity areas, management point areas and target areas to be aware of this week.

Pairs and Markets Analysed this Week: EURUSD GBPUSD, NZDUSD, EURGBP, GBPJPY and AUDJPY.

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

For economic events this week click here.

 
Above Video – Weekly Forex Outlook and Review for the 29th of January to the 2nd of February Forex Market

Are You Looking for an Effective Trading Strategy?

If so, then I highly recommend checking out our Forex Training Page. On that page are four current Training Series available. The Engulfing Trader Series for important high probability trading training, The 5 Day Trend Training Series for trend trading training and the more recent training release called The Candlestick Training Series for multiple candlestick trading and evaluating potential reward.

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

eurusd 4 hour pullback bullish trading area

Above – Highlighting on EURUSD this week the 1.2291 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area. At the moment EURUSD is in a uptrend and the 1.2291 zone area is a great area in the trend on this market to look for potential continuation.

For a larger view of the EURUSD screenshot above click here.

gbpjpy daily bullish trading area

Above – Highlighting on GBPJPY this week the 151.87 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area. At the moment this market is in a uptrend and the 151.87 is a great area in the trend on this market to look for potential continuation.

For a larger view of the GBPJPY screenshot above click here.

audjpy 4 hour bullish trading area

Above – Highlighting on AUDJPY  this week a potential target area 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 from this area. That area is the 87.30 zone area, an area that acted as support on the previous test of this important area.

For a larger view of the AUDJPY screenshot above click here.

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.

Comments

  1. Thanks again Timon.

  2. Hello Timon, l was just wondering if you do any trading on divergence and if you do would be nice to see a video on your method of trading it. Anyway, great weekly reviews, all the best.
    Kind regards
    Tony Gardiner

  3. Ali Senejani says:

    Thank you for the nice review Timon. Have a good trading week. Cheers.

  4. Marc Nicque says:

    Short video this week. what do you think of eur/chf? is this the beginning of a downtrend?

    Thanks,

    • Hey Marc,
      Yeah, a shorter video this week.
      Below is my chart view of that market.
      Yes, potentially this market is at the beginning of a downtrend and optimum pullback area in that trend to look for a potentially bearish opportunity is the 1.1684 zone area. As for to the downside, I am expecting that the 1.1542 zone area will act as support.

      Above – EURCHF Daily – click chart screenshot above for larger view of this market

  5. Lawrence Ayansina says:

    Thank you for the forex outlook.

  6. Thank you!

  7. Pieter Marx says:

    You are giving newbies hope for forex, excellent advice helps a lot.

  8. TOny Biasillo says:

    Very much appreciated Timon

  9. Hi! Timon. Thanks for your midweek update last week. And thank you for this weeks review on USD/CAD. Thank you and have a good day.

  10. Thanks Timon, great review as usual.

  11. Sivashankar says:

    Hello Mr.Timon

    Thank you very much for your Free service that you have offered for the long time and spending your valuable time with us.
    Please kindly let me know your prediction of the following pairs for next week.

    USDJPY
    NZDJPY
    GBPCHF
    AUDNZD
    AUDCAD

    Thank you
    Best regards
    S.Sivashankar

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