WEEKLY MARKETS OUTLOOK

 Good afternoon and happy Sunday to everyone. It's a bright Sunday afternoon and I'd like to share my outlook for what to expect in the coming week in the markets.

WEEKLY OUTLOOK

Objective

To analyze the markets for potential opportunities in the coming week.

Thesis :

1. NAS100 MARKET ANALYSIS

Observe the H4 & Daily supply zone at the ATH for potential reversal.

Observe the weekly close for confirmation of shift in market structure.

Review the ranges on H4 & daily and identify the OTM's within the H1, H4 & daily range.

Wait for market open and watch our for potential retest of supply before a potential continuation of the drop lower.

2. AUDUSD MARKET ANALYSIS

Confirmation of the RBR setup with price breaking supply and rallying higher.

Bullish breakout, retest and continuation of the rally higher forming higher highs.

Observe the weekly close for confirmation of the trend.

Review the ranges on H1 & H4 and identify the OTM's within the ranges.

Wait for market open and watch out for a drop into demand before a potential continuation of the rally higher.

3. GBPUSD MARKET ANALYSIS

Bullish breakout above supply forming new highs with candle closes above supply.

Confirmation of the RBR setup with higher highs formed and a retest of the broken supply.

Review the ranges on H1, H4 & daily and the new bullish range formation.

Identify the OTM's within the ranges.

Observe the weekly close for confirmation of the trend.

Wait for market open and watch out for retest of the broken supply as new demand before a potential continuation of the rally higher.

4. USDCHF MARKET ANALYSIS

Bearish breakout below demand and formation of lower lows below demand.

Confirmation of the DBD setup with lower lows formed and a slight retest of the broken demand.

Review the ranges on H4 & daily and the new formation of a bearish range.

Identify the OTM's within the ranges.

Observe the weekly close for confirmation of the trend.

Wait for the market open and watch out for a retest of the broken demand as new supply before a potential continuation of the drop lower.

**NAS100 MARKET ANALYSIS**

Price rallied into a major H4 & daily supply zone at 22109.1 & 21900.0 which is the origin of the previous major drop to the H4 & daily demand zone at 20715.7 & 20479.6. Price broke above the major supply and formed new ATH at 22240.0 then dropped back into supply and retested supply at 22120.0 before a strong drop with candle closes below supply. Price formed 2 strong H4 bearish engulfing candles with candle closes below supply confirming the shift in market structure to bearish and closed the trading week at 21603.5. I anticipate a potential retest of supply at 21900.0 before a potential continuation of the drop lower with a target of the next major H4 & daily demand zone.

**AUDUSD MARKET ANALYSIS**

Price broke above a major H1, H4 & daily supply zone at 0.63240 & 0.62867 which is the origin of the previous major drop to the H4 & daily demand zone at 0.61770 & 0.61378. Price filled the H1 & H4 range and broke above supply forming a higher high at 0.63700 then retraced to retest the broken supply as new demand before a potential continuation of the rally higher. Price rallied 80 pips to 0.64000 forming a new high confirming the formation of a new bullish range. Price retraced and closed the trading week at 0.63567. I anticipate a retest of demand at 0.63240 before a potential continuation of the rally higher with a target of the next major H1 & H4 supply zone at 0.64800 & 0.64540.

**GBPUSD MARKET ANALYSIS**

Price rallied to a major H4 & daily supply zone at 1.26250 & 1.25595 which was the origin of the previous major drop to the H4 demand zone at 1.23800 & 1.23150. Price filled the H4 & daily range from the major H4 & daily supply to the H4 demand zone and back to the major H4 & daily supply and broke above supply forming higher highs on H4 at 1.26800 then retraced to retest the broken supply as new demand before a potential continuation of the rally higher and closed the trading week at 1.26356. I anticipate a potential retest of demand before a potential continuation of the rally higher with a target of the next major H4 & daily supply zone at 1.27933 & 1.28453.

**USDCHF MARKET ANALYSIS**

Price dropped into a major H4 & daily demand zone at 0.90330 & 0.89950 which was the origin of the previous rally to the major H4 & daily supply zone at 0.92150 & 0.91720. Price filled the H4 & daily range from the major H4 & daily demand zone to the major H4 & daily supply zone and back to the major H4 & daily demand zone. Price broke below the major H4 & daily demand zone and formed lower lows on H1 & H4 at 0.89790 followed by a retest of the broken demand at 0.89950 and closed the trading week at 0.89775. I anticipate a potential retest of the broken demand as new supply before a potential continuation of the drop lower with a target of the next major H4 & daily demand zone at 0.89180 & 0.88780.