WEEKLY MARKET OUTLOOK

 Good evening traders, it's a fantastic weekend with the groove and vibes. This week we've had different trade setups on NZDUSD & USDCHF and here are the updates on their outcomes. NZDUSD price dropped to a major H4 & daily demand zone at 0.59100 & 0.58660 which was the origin of the previous rally to the major H4 & daily supply at 0.60500 & 0.60750. Price filled the major range and formed rejection wicks with candle closes above the major H4 & daily demand zone followed by a strong rally by a constant push away from the zone. Price rallied and formed higher highs on H1 & H4 high at 0.59800 then retraced to form a higher low followed by a strong rally. Price gained more bullish momentum and took out the previous high forming higher highs confirming a shift in market structure to bullish. Price rallied 120 pips to the major H4 & daily supply zone at 0.60500 filling the major H4 & daily range. Target hit.

USDCHF price dropped into a major H4 & daily demand zone at 0.79300 &0.79000 which was the origin of the previous rally to the major H4 & daily supply zone at 0.80500 & 0.81200. Price filled the major H4 & daily range from the major H4 & daily zone to the major H4 & daily supply zone at 0.80500 and back to the major H4 & daily demand zone at 0.79300. Price dropped into the zone at 0.79300 and formed rejection wicks with candle closes above the zone followed by a strong bullish push away from the demand. Price rallied 50 pips to 0.79800 then retraced and closed the trading week at 0.79496. I anticipate a potential retest of the demand before a potential bullish reversal.