Hi ,
Happy New Week!
How was your trading performance last week?
It was a profitable week here at Value Flow Trading.
Remember, "As a trader, you have the power to turn financial uncertainty into opportunity. Embrace the challenge, trust your instincts, and conquer the markets."
Here at Value Flow Trading, this is our analysis for the week:
USD: Last week, we saw the dollar bearish as analyzed. It sold into our marked Order Block on the daily time-frame where it pulled back to the 104 level, forming a flip zone at the close of the market.
Going forward this week, we anticipate more pullback of the dollar into the 105.500 level before it continues its bearish trend as illustrated in the chart below. This implies short positions on its correlated pairs (GBPUSD, EURUSD) and then a Long as a result of the bearish trend continuation.
JPY: Last week, the Yen was heavily bearish as analyzed, clearing its all-time low and forming a new low as of Friday.
Going forward this week, we anticipate a pullback of the Yen, as shown in the chart below, suggesting that Yen-correlated pairs might be bearish.
GOLD: Last week, the Gold Spot maintained its bullish trend till the close of the market on Friday, showing the full buy momentum on the precious metal as analyzed.
Going forward this week, we anticipate the Gold Spot to pull back a bit and continue its rally to the 2060 level as soon as our Value Flow Models® align.
Remember to trade cautiously and use your proper risk management strategy.
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Wishing you a profitable trading week ahead!
VFT Team
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