MARKET COLOR FOR THE WEEK 3RD JUNE 2024

Jun 02, 2024 8:31 pm

Hello ,


Happy New Week!


Thank you for participating in the just concluded TRADERS BOOTCAMP. We believe it was a value-packed session for you.

Ensure you make use of all that you have learned at the bootcamp. We look forward to hearing your success stories.


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


USD: Last week, the dollar was bearish, but not with the full momentum as against our bullish analysis.


Looking ahead this week, we still anticipate a bullish dollar, as illustrated in the chart below. This suggests taking short positions on its correlated pairs (GBPUSD, EURUSD).


image


JPY: Last week, the Yen continued its bearishness as it further slid down into our POI.


This week, we anticipate a rally of the Yen from our POI, as illustrated in the chart below, indicating potential bearishness for Yen-correlated pairs.


image


GOLD: Last week, the Gold Spot was bearish as analyzed but didn’t get to our POI before the sell began.


Moving forward this week, we expect the Gold Spot to pull back into the 4-hour order block and then sell further as marked in the chart below, particularly when our Value Flow Models® align.


image


Remember to 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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