Weekly Forex Review – 8th to the 12th of January

Happy New Year everyone and welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition for the 8th to the 12th of January Forex Market. The first edition of the review for 2018. Aspects highlighted in the review include highlighting potential trading areas ( high probability trading areas that offer more reward potential than the risk ), management point areas and target areas on multiple markets.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, USDCHF, EURNZD, EURGBP, USDCAD, NZDCAD and EURAUD.

Potential trading areas highlighted this week in the review include both high probability trend and counter trend areas.

For economic events this week click here.

 
Above Video – Weekly Forex Outlook and Review for the 8th to the 12th of January 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.

eurgbp daily trading areas

Above – Highlighting on EURGBP two zones:

  1. The 0.8945 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.
  2. The 0.8758 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.

nzdcad daily trading areas

Above – Highlighting on NZDCAD this week two zones:

  1. The 0.90 zone area as a great area on this market to look for bearish evidence and a potential move to the downside from this area.
  2. The 0.8689 zone area as a great area on this market to look for bullish evidence and a potential move to the upside from this area.

euraud daily bullish evidence area 1.52 zone

Above – Highlighting on EURAUD this week a potential bullish evidence pullback area, that area is the 1.52 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area. The 1.52 zone is an area in the past that has acted as strong resistance multiple times in the past looking left so expecting it will act as strong resistance in the near future.

Midweek Forex Reviews

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

Comments

  1. Thanks for the review Timon
    It is good to see you back.
    It is okay to use your twitter account to make enquiries on movements on the markets during the week?
    regards

    David

  2. Happy new year Timon! Thank you for this great analysis!
    Maybe you can show one of your trades of the last week in future videos?
    Your analysis is the clearest and best videos on the internet 🙂

  3. Thanks Timon, really appreciate you taking the time to do these market reviews.

  4. Ali Senejani says:

    Great review, thanks Timon.
    Could you also check my NZDCHF chart and let me know your views on it?

    Below is NZDCHF Daily Chart:

    NZDCHF

    • Thanks Ali, you’re welcome.
      Yeah sure. Where the market is retesting on that market is a potential bearish evidence area. A great area on this market to look for a potential bearish opportunity. Below is my chart view of this market ( 4 Hour chart ).

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

  5. Hey Timon – Happy New Year – thanks for the review, have a wealth filled year!!

  6. Thanks for the January 2018 weekly review to 12th – always useful – I will sign on to your twitter account too

  7. Frank Nilson says:

    Hi Timon.Thanks for the wishes. May you also have a great 2018. Thanks for the review. As always, it is appreciated. Have a great trading week.

  8. Thanks Timon, so happy you are back!!!! and thanks for your twitter account.

  9. Great having you back! Thanks for the review.

    Cheers

  10. Thanks Timon for the review and have a great trading week.

  11. Thank you Timon for an excellent weekly review. I wish you and your family all the best for 2018. Cheers mate. JOhnR

  12. Thanks Timon

  13. Hi Timon,
    Please could you show me your chart for gbp/jpy

    • Hey Shahrana,
      Yeah sure. Here is my current chart view of that market.
      GBPJPY – The 151.88 zone area as a potential bullish evidence area.

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

  14. David Hood says:

    Really like your training…ordered the engulfing series this morning….just wondering where to put stop loss on gbp/usa….took sell at the 80 area this morning…
    thanks David Hood….
    p.s. happy new year to you and yours….

    • Hey David,
      Thanks for getting access to The Engulfing Trader and for the feedback.
      Unless previous major test highs are close I suggest placing stop loss above recent test high in bearish evidence area.
      So in the case of GBPUSD, above this highest high test point and 10 to 15 pips.

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

  15. Judith Boucher says:

    It is very much appreciated, thank you so much,

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