MARKET COLOR FOR THE WEEK 11TH SEPTEMBER 2023
Sep 11, 2023 4:01 am
Hello ,
Happy New Week!
Trust you followed our precise analysis last week as it unfolded massively?
Remember, "As a trader, your success is determined by your ability to adapt to changing market conditions. Finish the year as a master of adaptation."
Here at Value Flow Trading, this is our analysis for the week:
USD: Last week, the dollar played out our analysis perfectly; it rallied and cleared the expected liquidity as analyzed.
Going forward this week, we expect a brief pullback of the dollar before continuing its bullish trend. Therefore, we look forward to longing the dollar (short-term), which implies shorting its correlated pairs (GBPUSD, EURUSD) when we see a structure for the dollar rally, as illustrated in the markup below.
JPY: Throughout last week, the YEN was ranging against our BULLISH prediction for about two weeks now.
This week, we still 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 downtrend.
GOLD: Last week, we saw the Gold spot played out our analysis for the week as it bounced off our trend line confluence to the downside, which makes it bearish for the week.
Moving forward this week, we may see a brief LONG of the Gold spot, then we continue shorting it as analyzed in the chart below. Therefore, this week we are looking to SHORT the Gold Spot as soon as our Value Flow Modelsยฎ align.
Make sure you trade cautiously and stick to your risk management plan as we expect the USD CPI and PPI this week.
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Cheers and have a profitable week
VFT Team