WEEKLY OVERVIEW MARKET RECAP (EURUSD, USDCAD, USDCHF & GBPUSD)

 Good evening traders and happy Sunday. I hope you've had an amazing weekend and you're ready for the new trading week from tomorrow. Here's a recap of the week's trades as we focused on EURUSD, USDCAD, USDCHF & GBPUSD as analyzed in the previous post. Into EURUSD, price dropped 120 pips to the H1 & H4 low at 1.11400 and markets closed the trading week at 1.11650. Price shows a strong bearish sentiment into the new trading week as markets move within our working range as it formed lower highs on H1 at 1.12200. I anticipate a potential retracement back to the H1 lower highs before a potential continuation of the drop lower and the 1st target being the H1 & H4 low at 1.10800 and the major target at the next major H1 & H4 daily demand zone at 1.09550 & 1.09100.

Into USDCAD, price rallied to the new H1 & H4 higher highs at 1.40000 and failed to break above and instead retraced back to the minor H1 & H4 low and demand at 1.39100 closing the trading week at 1.39680. Price shows a strong bullish sentiment into the new trading week as markets react within our working range and closed at the midrange of the whole move. I anticipate a potential retracement back to the minor H1 & H4 low and demand at 1.39100 before a potential continuation of the rally higher and the major target is at the major H1 & H4 supply zone at 1.41000. 

Into USDCHF, price rallied to 0.84250 and retraced back to demand going back to the distal line of the demand and formed rejections with candle closes inside demand followed by a bullish push away from demand closing the trading week at 0.83770. Price rallied by a constant push away from demand and formed candle closes above demand confirming the potential bullish sentiment. I anticipate a potential retest of demand before a continuation of the rally higher with the 1st target at the immediate H1 & H4 higher highs at 0.84600 and the major target at the next major supply zone on H1 & H4 at 0.85330 & 0.85700.