MARKET COLOR FOR THE WEEK 14TH AUGUST 2023
Aug 14, 2023 7:07 am
Hello ,
Happy New week!
Do you observe last week that the dollar to naira exchange rate was on steroids? $1 = #950
This implies that blowing any account now is just a step back to the village.
, you've come this far and I don't believe you would like to go back by blowing an account when you can trust our analysis.
Remember, "In the world of trading, patience is a virtue. Trust in your analysis, stay committed to your strategy, and let time be your ally."
Here at Value Flow Trading, this is our analysis for the week:
USD: Last week we saw a bullish dollar, as it struggled to clear the buyside liquidity.
This week, we expect a brief retracement of the bullish move, then rally to clear the buy side liquidity.
However, the dollar trend is still bearish structurally. Therefore, we look forward to shorting the dollar (long-term), which implies longing its correlated pairs (GBPUSD, EURUSD) when we see a structure for the dollar sell as illustrated in the markup below.
JPY: All through last week, we saw a bearish YEN as analyzed.
This week we expect a bullish YEN as illustrated in the chart below, to clear the buy side liquidity, which implies that YEN correlated pairs may be bearish. However, the overall trend for the yen is still a down-trend.
GOLD: Last week the Gold spot was bearish, as it broke the trendline to the downside, targeting the sell side liquidity.
Going forward this week, we expect to see the Gold spot rally to the trend line then bounce off it.
Therefore, this week we are looking out to LONG the Gold Spot as soon as our Value Flow Modelsยฎ aligns which is also in line with our bearish dollar.
Make sure you trade cautiously and stick to your risk management plan this week.
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As Dollar Dey Rise, I Dey Smile !
Have you seen the current exchange rate?
If no, I will tell you. A Dollar to naira now is 950
If you don't earn in dollar now, you are among the people address as the masses. And I believe you know what that means.
Incase you still belong to the group called the masses, and you desire to change that national status conferred on you by the current economy, simply join us for the highly anticipated August edition of the ATM Cashflow Training where you learn how to earn in dollars steadily.
This month's edition is coming up on 23rd - 25th of August 2023.
Registration closes: 21st August 2023.
For more information, simply click the button below to send us a message on WhatsApp.
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Cheers and have a profitable Week!
VFT Team