Market Updates and Trading Performance by Value Flow Trading

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MARKET COLOR FOR THE WEEK 28TH OCTOBER 2024

Here Is Our Analysis For This Week!

Hi ,


Happy New Week! I hope last week was profitable for you.


Remember: “Profitability strengthens the passion for trading, so always aim to improve and become more profitable.”


Here’s our analysis for the week ahead at Value Flow Trading:


USD: The dollar was bullish last week, trading into the daily order block around the 103.500 zone, where it formed a box pattern suggesting a SHORT opportunity.


Looking ahead, we anticipate a pullback in the dollar, signaling LONG opportunities on pairs like GBPUSD and EURUSD. Please see the chart below for more details.


image


JPY: The Yen was bearish last week, moving into our Point of Interest (POI) as expected.

This week, we anticipate a further sell-off to clear liquidity below the daily order block before the Yen fully resumes its bullish trend. This provides SELL opportunities on Yen pairs, highlighted in the chart below.


image


GOLD: Last week, Gold reached a new all-time high around the 2758.525 level, marking the highest price ever for the precious metal. Its overall trend remains bullish, affirming its status as the preferred safe-haven asset.


This week, we expect a slight pullback before the bullish trend resumes, especially as our Value Flow Models® align. Be sure to review the chart below for a full analysis.


image


Remember to always trade cautiously and implement proper risk management strategies.


Wishing you a profitable trading week ahead!

--------------------------------

Cheers!


VFT Team

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