Hi ,
It's a new week, and another opportunity for you to excel in your trading career.
Remember, "Success in trading is not about the destination; it's about the journey of continuous improvement. Strive for excellence, evolve with the markets, and enjoy the ride."
Here's our analysis for the week at Value Flow Trading:
USD: Last week, the dollar turned bullish after the Federal Fund Rate remained unchanged despite speculation about a rate cut from the Federal Reserve.
Looking ahead this week, we anticipate a bearish dollar, illustrated in the chart below due to the unchanged interest rate last week. This suggests long positions on its correlated pairs (GBPUSD, EURUSD).
JPY: Last week, the Yen experienced heavy bearishness following the first interest rate hike in 17 years, leading to a new all-time low. However, we're beginning to see a market structure shift to the upside on the 4-hour timeframe, indicating a potential trend reversal.
This week, we anticipate a bullish Yen, suggesting that Yen-correlated pairs might be bearish.
GOLD: Last week, the Gold Spot remained bullish, continuing its price discovery phase by creating a new high around the 2222.915 level.
In the upcoming week, we expect the Gold Spot to experience a slight pullback before resuming its rally, as illustrated in the chart below and aligning with our Value Flow Models®.
As always, trade cautiously and implement proper risk management strategies.
Wishing you a successful and profitable week ahead!
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Cheers!
VFT Team
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