Weekly Forex Review – 5th to the 9th of December

Welcome back everyone to this week’s edition of the Weekly Forex Outlook & Review, this edition this week for the 5th to the 9th of December Forex Market. Aspects highlighted include analysing potential opportunity zones, areas to look for evidence and potential moves in the market, management points and targets. Also, I take a look at how price action moved last week on many markets.

Pairs and Markets Analysed this Week: EURUSD ( 4 Hour ), GBPUSD, NZDUSD ( 4 Hour ), AUDUSD ( 4 Hour ), USDCAD, NZDCHF ( 4 Hour ), AUDNZD ( 4 Hour ), EURGBP, EURAUD, USDCHF, USDJPY ( 4 Hour ) and GBPJPY.

Some of the markets that performed well from the important zones highlighted last week in the review include EURUSD, AUDUSD, NZDUSD and AUDNZD.

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 5th to the 9th of December Forex Market

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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.

gbpusd daily trading areas

Above – Highlighting on GBPUSD this week the 1.2860 zone as a potential target to the upside for those holding buy trades on this market as well as a great area to look for bearish evidence and a potential move to the downside from this area.

audusd 4 hour trading areas

Above – Highlighting on AUDUSD this week the 0.7465 zone as a great area on this market to look for bearish evidence and a potential move to the downside on this market. The 0.7460 zone was an area that gave a strong move lower last week ( bearish evidence area I highlighted last week in the review ) from this area and now the market is coming back to retest this important area once again.

eurgbp daily trading areas

Above – Highlighting the 0.8330 zone as a great area to the downside on this market to look for bullish evidence and a potential move to the upside on this market from this area.

usdjpy 4 hour trading areas

Above – Highlighting on USDJPY this week a potential pullback area on this market, that area is the 111.60 zone, a potential area on this market to look for bullish evidence and a move to the upside 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, Excellent Review.

  2. Roman Geyzer says:

    Hi, I would to say that your reviews help me a lot in my trading.
    I know you don’t like fundamentals because they don’t effect the trend but are you not concerned about the Italian political scene?
    It could be catastrophic for euro?

    • Thanks for the feedback Roman.
      Yeah good question, I recommend traders close positions before a major event ( such as elections, referendums, crisis event, NFP, etc ) if it is likely it will affect a trading position that one is holding.
      As for the Italian referendum vote, what I suggest is not trading the Euro until after the vote is over and the market price action settles down.
      The results for that vote will be known soon, most likely the result will be a No vote which is what a lot of people are expecting from last week.

  3. Frank Nilson says:

    Hi Timon, thank you very much for the Review. It is appreciated. I must also thank you for all the training videos you have on your site and I must admit, I have learnt a great deal from it and are still learning every day. As they say, you are never to old to learn. My philosophy is simple, if I cannot be a success on a Demo account, I cannot be a success with real trading. Have a great trading week.

  4. Najib ul Rehman Malik says:

    Dear Sir!
    what do you mean by lots of bullish/bearish evidence, please explain if you can..

    • Hey Najib,
      Yeah good question. Evidence such as what I refer to in the weekly reviews as Bullish evidence or Bearish evidence is an aspect I go over in detail in the Forex Training at the website such as in The Engulfing Trader, The 5 Day Trend Training Series and The Candlestick Training Series. It includes aspects such as aligning candlesticks ( engulfing, pin bars, railroads, etc ), structure retests, trend evidence and retracement confluences at an important area in the market.

      Evaluating both Evidence and Risk to Reward when a market tests a trading zone helps a trader decide whether to consider a potential opportunity in the market or not.

      • Why do you think USDCAD will still go up further. We had a big bearish engulfing candle formed last week? I see a trend reversal on the weekly.

      • USDCAD… I think it will retrace to 1.3400/50 then will drop like a stone.

        • Hey Matt,
          Yes it may do, at the moment this market is still testing the 1.3280 zone on the daily chart.
          The 1.34 zone was an area I highlighted in the review as a potential management point to the upside on this market, management point referring to it being a great area to take a good amount of partial profits or lock in position at breakeven( taking away risk on position ).

          USDCAD Daily


  5. Thx Timon for sharing your professional reviews. I wish i could use your training lessons too, I really need to make money alot and fast 😀
    BTW, I kinda think on AUDUSD the bulls will go up to 0.7510,but that’s just guessing and I’m a rookie 😀

  6. Hello!
    Thanks again for all your reviews. I look forward to them every week. They really help me a lot. Just wondering why is it that sometimes you work on the 4hr chart rather than on the daily. Waiting to hear from you as usual. Thank you.

    • You’re welcome Hash,
      Yeah good question. I highlight some markets on the 4 hour as these important daily areas can be traded on lower time frames.
      Important to note that while I highlight important zones on the daily chart, a trader can look for aligning evidence at these important areas on the daily, 4 hour or 1 hour or even lower time frames for potential opportunities.

  7. Hi Timon great review as always.
    Just a thought…..what is your view on trade management when faced with multiple trades on one major pair. For instance just suppose all the USD pairs reviewed gave a signal during the week, what is your philosophy on how much risk you would put on that currency.
    I am not sure if this is very clear so if you want me to try and elaborate further please let me know.
    Just to concur with the gentleman earlier I have all three of your training videos and they are excellent. I keep going over and over them and each time I pick up something new.
    Thanks again.

  8. Tabitha David says:

    Excellent, thanks Timon.


  10. Thank you Timon!
    You are helping me solidify my trading confidence!

  11. Jerry Tabor says:

    Thank you so much Timon … Your reviews are absolutely awesome …

  12. Forex Update: EURUSD Holds the 1.0550 zone area again this week.

    Above – EURUSD 4 Hour – click for larger view

    EURUSD initially declined on market open this week due to Italy vote and Austrian election trader reaction, however quickly rebounded on retesting of the 1.0550 bullish evidence area on this market.

  13. Great review Mr Weller, much appreciated.

  14. A big thank you for your dedication Timon to helping us traders.
    The training series methods that you teach combined with the reviews has been a perfect combo to help guide me in the right direction as a trader.

  15. nkosi moroane says:

    Good afternoon, mr Weller….how do I recieve your weekly reviews or outlook videos?

  16. Your reviews are absolutely awesome …

  17. Nkosi moroane says:

    Good morning…..anyone who got this weeks, weekly review video yet?

    • Good Morning Nkosi,
      Hope you are having a great week.
      There was no Forex Review update for this week ( 12th to the 16th of December ) as I had an early break this year for the Christmas holiday period.
      I most likely will do an update ( video update ) before Christmas.

  18. nice review

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