Hi ,
Happy New Week!
Hope last week was profitable for you, as it was for us here at Value Flow Trading.
Remember, "Trading is not just about making money; it's about mastering the art of decision-making. Sharpen your skills, stay informed, and let your expertise shine."
Here at Value Flow Trading, this is our analysis for the week:
USD: Last week, the dollar broke out of the range forcefully to the upside. However, since Wednesday till the market close on Friday, the dollar was just ranging between 103.100 and 103.700.
Going forward this week, we anticipate a slight pullback to the breakout point around 102.650 then a rally, as illustrated in the chart below. Therefore, we are considering shorting the dollar first and then going long this week, implying short positions on its correlated pairs (GBPUSD, EURUSD), then long when a structure for a dollar short is confirmed, as illustrated in the markup below.
JPY: Last week, the YEN was heavily bearish, clearly defining a bearish trend on the YEN. However, we can see a price closed on an order block on Friday, which implies either a pullback or a resumption of a bullish trend on the YEN.
Going forward this week, we anticipate a bullish Yen, as shown in the chart below, suggesting that Yen-correlated pairs might be bearish.
GOLD: Last week, the Gold Spot played out our analysis as expected, being bearish from Monday to Wednesday and bounced back from a strong support at the 2006 level on Thursday.
Going forward this week, we are anticipating the Gold Spot to buy to the daily order block where we are looking to short the Gold Spot again for the week as soon as our Value Flow Models® align.
Remember to trade cautiously and stick to your risk management strategy as we expect some high-impact news this week.
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Wishing you a profitable trading week ahead!
VFT Team
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