Weekly Forex Review – 3rd to the 7th of October

Welcome to the Weekly Forex Outlook and Review, this edition of the video review this week for the 3rd to the 7th of October Forex Market. 9 markets analysed this week in the review including highlighting potential opportunity zones, areas to look for evidence and potential moves in the market, management points and targets.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD ( 4 Hour ), NZDUSD, EURNZD, EURAUD, Gold, USDJPY and Silver.

Expecting a great week in the market this week with plenty of potential opportunities. Both high probability trend continuation type zones and counter trend zones highlighted this week in the review.

Above Video – Weekly Forex Outlook and Review for the 3rd to the 7th of October

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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.


Above  – Highlighting on GBPUSD this week the 1.2880 zone as a great area on this market to look for bullish evidence and a potential move to the upside from this area.


Above – Highlighting on AUDUSD this week the 0.7450 zone as a great area on this market if the market tests this zone this week to look for bullish evidence and a potential move to the upside from this area.


Above – Highlighting on Gold this week the 1313 zone as a great area on this market to look for bullish evidence and a potential move to the upside from this area. The 1313 zone is an area that I have highlighted in multiple previous reviews on this market and is an area that has acted as strong support multiple times in the recent past 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. Hi Timon. Thank you for your great analysis.

  2. Hey Timon, thank’s again for your detailed analysis.

    Have a great week!

  3. Paul Churchill says:

    Once again sir, a great review…thank you so much mate, these are brilliant.

  4. Thanks for the review Tim,
    Have a good week mate… 7% achieved last month .. hopefully another good month ahead 🙂


  5. Clive Stevens says:

    Hi Timon, do you have a view on USDCAD?

    • Hey Clive, Yeah sure, my bias is the same on that market as the last few reviews, market has been testing the 1.3160 zone area multiple times recently which is a bearish evidence area on this market. On tests on this area, a great area to look for bearish evidence and potential moves to the downside on this market.

      • Wow, cool. My analysis on U/C is much the same Timon! Maybe i’m learning something at last. lol. Appreciate your weekly insights mate. Thank you. Greg

  6. Hi Timon, like your simplicity and honesty, great call last week, thank you, Tom.

  7. Nkosizwile says:

    Your analysis is great, I have been following you for sometime…. I need to do the course soon, have a great week ahead.

  8. Thank you for taking the time to create these videos each week!

  9. thanks again Timon and have a great trading week.

  10. How about EURGBP?

    • Hey Wendell,
      EURGBP unfortunately broke above that level this week due to the strong weakness in GBP and GBPUSD breaking the significant 1.28 area. This in turn lead to this market pushing higher than expected and breaking that important level. All part of the process however.. Still expecting weakness soon on this market.

  11. Mr Timon, you really make life easier, thank you for the Analysis of the week, you deserve a bell.

  12. Looks like you were correct in your prediction that Silver would dip to 17.80. This is a much greater drop than you anticipated for gold which you only saw going down to 1313 but which has sliced through the 1294 support to the 1260s. Would really appreciate an update on gold. Many thanks for the great site Timon.

    • Yeah, GBP broke the significant counter trend low at 1.28 and gold broke the 1313 this week. All part of the process though, a probability aspect, a zone will not hold every time.. The 1250 and 1205 levels are the next levels down on this market for the bulls ( areas to look for bullish evidence next and potential opportunities ). Regards,

  13. Forex Update: Massive Brexit style size crash ( over 700 pips on markets such as GBPUSD ) on GBP based markets today.. Hope no one was effected negatively by the strong move on this currency.. Lasted only a few minutes.. A lot of unusual activity on that market this week after GBPUSD broke below the 1.28 area.. Try not to believe a lot of the hype by the media though, this was most likely a staged event and not to do with natural market conditions, meaning that most likely it was a planned crash. Most likely for political reasons to do with the Brexit.

    gbpusd crash

    Above – GBPUSD screenshot showing a over 700 pip crash on GBPUSD. MT4 screenshot taken from Hotforex MT4 account.

    gbpusd crash shown on icmarkets ctrader

    Above – Interestingly, the crash was to around the lower end of 1.19 area with ICMarkets ctrader account ( ICmarkets MT4 shows fall to 1.1997 and ICMarkets Ctrader shows fall to 1.1924 as shown in screenshot above ).

    gbpusd 5 minute showing recent market crash move

    Above – The 5 Minute chart on GBPUSD showing the big drop on this market in one 5 minute candle.

    Due to the recent crash on GBP based markets, I will avoid highlighting this currency ( gbp based markets ) in the reviews until these markets price action settles.

    Any questions relating to this event, let me know by commenting below.


  14. Hannes Engelbrecht says:

    Hi there Timon!

    I trust you are well?

    So, after staring retrenchment in the eye, i got this crazy idea into my head that i want to give Forex trading a go. Never rally cared about the hype that people are always making over it. First, i tried Binary Options, needless to say. mistake was made and lessons were learned! Then i decided to give Forex a shot.

    After a few weeks on YouTube and the internet, I have tried a lot of different strategies, indicators, robots, you name it. Nothing seemed to work for me. So then just as i was about to give up, I stumbled onto your YouTube channel about a week or so ago. I think i watched nearly all your videos by now, and cant believe all the knowledge i gained, with such a simple and unique method of trading. I am not using any indicators, i only use engulfing candles, that is going with a trend. I burned my fingers a few times by misreading a trend, being to hasty on signals, and putting my SL very short. Probably some of them wouldn’t have been a loss, but it will still be learned with time. And last nights little GBP crash caused some losses, and some USD news today that also caused some movements which screwed me a little.

    So, i opened a small demo account on Monday (again), starting only with 100 dollars. Today, after a week, my balance is just under 300 dollars. It might seem like a small amount, but i almost tripled my balance in just a week. For a beginner, I am pretty impressed with myself! Instead of closing a order with a small profit, I am learning patience to try and gain a few more pips (after i secured my profit with a lock-in).

    Will continue with the demo account, until i feel confident enough to fund a real account…

    So just wanted to say thank you for all the videos you load, and things you share to the public, helping beginners like myself to get just a little bite of the cake! I gained so much from you in a week, that i never would have figured out myself in years.

    If theirs any additional info that you can share, videos, scripts, etc, please email it to me, it will be appreciated!!

  15. SIMON ATKINSON says:

    Dear Timon,
    I had been studying the Forex market for more than five years,when I stumbled across your YouTube channel and video’s.
    I must say,I looked at your system for trading,its very simple,and it works!
    So I would recommend anyone thinking of beginning trading to have a look before spending ridiculous amounts of money on promises of unrealistic returns,on systems that simply do not work.
    Keep it simple,get used to reading charts,and learn to use the MT4 platform with a practice account until you are confident. Then ,and only then,would I commit my own hard earned cash to trading.Thanks for your honesty Timon,in what is ,lets face it a minefield.

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