MARKET COLOR FOR THE WEEK 16TH SEPTEMBER 2024

Sep 16, 2024 4:30 am

Hello ,


Happy New Week!


How was your trading last week? I hope you were on the right side of the CPI data release.


Remember, "Discipline is the bedrock of a profitable trading journey. Always stick to your trading rules."


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


USD: Last week, the dollar opened bullish, creating the high of the week, but then sold off after the market digested the CPI data release.


Looking ahead this week, we anticipate further buying of the dollar into the daily order blocks, as illustrated in the chart below. This suggests SHORT positions on correlated pairs like GBPUSD and EURUSD.


image


JPY: Last week, the Yen was bullish as analyzed, clearing the marked liquidity levels before pulling back to continue its bullish trend.


This week, we expect more bullish momentum for the Yen, indicating SELL opportunities on Yen-correlated pairs, as shown in the chart.


image


GOLD: The Gold Spot was bullish, contrary to our bearish analysis, creating a new all-time high around the 2,586 level.


Moving forward, we expect a slight pullback on the Gold Spot, followed by a continuation of the bullish trend, as illustrated in the chart below, especially as our Value Flow Models® align.


image


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


Wishing you a profitable trading week ahead!

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Cheers!


VFT Team

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