Hi ,
Happy New Week!
Last week was filled with many news events, and we expect to see more market reactions to those events this week. Hope you took advantage of the market volatility last week?
Remember: "Success in forex is a marathon, not a sprint. Pace yourself."
Here’s our analysis for the week ahead at Value Flow Trading:
USD: Throughout last week, the dollar was consolidating after the massive sell-off two weeks ago.
This week, we expect to see further selling pressure on the dollar before a pullback. This suggests buying (LONG) opportunities on pairs like GBP/USD and EUR/USD before considering selling (SHORT) opportunities.
Check the chart below for detailed insights.
JPY: The Yen basket remained within its range again last week, causing Yen pairs to consolidate as well.
This week, we anticipate further buying pressure on the Yen into the daily FVG, followed by a sell-off into our Point of Interest (POI). This presents an initial selling (SHORT) opportunity, followed by a potential buying (LONG) opportunity on Yen pairs.
Check the chart for specific details.
GOLD: Gold continued its bullish trend as analyzed, reaching a new all-time high at the 3,058 level.
This week, we anticipate a pullback into the flip zone around the 2,990 level before continuing its bullish trend.
Remember to trade cautiously and implement proper risk management
Wishing you a profitable trading Week!
--------------------------------
Cheers!
VFT Team
0 comments