Weekly Forex Review – 15th to the 19th of January

Weekly Forex Review – 15th to the 19th of January


Welcome to this week’s edition of the Weekly Forex Outlook and Review, this edition this week for the 15th to the 19th of January Forex Market. Aspects covered in the review include analysing how price action action moved last week on multiple markets as well as highlighting potential opportunity areas, management points and target areas to be aware of this week.

Pairs and Markets Analysed this Week: EURUSD, GBPUSD, AUDUSD, NZDUSD, EURGBP, USDCAD, EURNZD, EURAUD, AUDCHF and USDJPY.

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

For economic events this week click here.

 
Above Video – Weekly Forex Outlook and Review for the 15th to the 19th of January Forex Market

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eurusd 4 hour pullback bullish trading area

Above – Highlighting on EURUSD this week a potential bullish evidence pullback area, that area is the 1.2067 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area.

Last week this markets price declined strongly from the 1.2067 zone area, a area highlighted last week in the review as a potential bearish evidence area moving all the way down to the management point low, then the bulls took control pushing this market back up to retest this high area again, then on retest of this area the bears failed to hold with the bulls breaking above and closing above this important area. Now that this market has broken above this area, the 1.2067 zone area is now a great area on a pullback and test of this area to look for a potential bullish opportunity on this market and a potential move to the upside from this area.

nzdusd daily bullish pullback trading area

Above – Highlighting on NZDUSD this week a potential bullish evidence pullback area, that area is the 0.72 zone area, a great area on this market to look for bullish evidence and a potential move to the upside from this area.

Last week this market had another strong week against the US dollar pushing higher to test the 0.72 zone area where the bulls defeated the bears breaking out above and closing above this zone. Now that this market has broken above and closed above this area, I suggest this area as a potential bullish evidence area on this market.

nzdusd 4 hour bullish pullback trading area

Above – NZDUSD 4 Hour showing bullish evidence pullback area.

audchf 4 hour bullish trading area

Above – Highlighting on AUDCHF a great target area to the downside 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. That area is the 0.7590 zone area.

usdjpy daily bearish pullback trading area

Above – Highlighting on USDJPY this week a potential bearish evidence pullback area, that area is the 112.11 zone area, a great area on this market to look for bearish evidence and a potential move to the downside from this area.

Last week USDJPY broke below and closed below the 112.11 zone area, an area that if retested this week is a great area on this market to look for a potential bearish opportunity in this area.

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!



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