Here's Our Analysis for the Market This Week

Apr 25, 2023 2:25 pm

Hello ,


Trust your break was full of fun and hope you are prepared for a profitable week.


Here at Value Flow Trading, our sentiment for this week is as follows:


USD: last week dollar was in a range and at the market open yesterday it forms the low of the week into a FVG on H4 time frame. On the monthly time frame, we see dollar sitting on a strong support which has a FVG below that price tested last week. Also on the other side, we saw a FVG on the upside where price should be heading to this week. This gives a clear verdict for a bullish dollar for the week. This implies we would be shorting Foreign currency pairs such as GBPUSD, EURUSD and the correlated pairs for the week.

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JPY: last week we saw a weak YEN as analyzed. But currently its in a discount of which we are expecting a bullish YEN. This implies that we would be shorting the yen associated pairs such as GBPJPY for the week. And we may see a ranging USDJPY for the week due to DOLLAR strength and JPY strength.


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GOLD: Gold still remains in the all time high and resistance for week, but heavily bearish. For this week we still look forward to shorting Gold again when we see a clear structure supporting our sell bias, and also when our Value Flow Modelยฎ for Gold aligns. In addition, inline with our expected long of the USD for the week, we further see supporting bias for Gold sell.


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Make sure you trade cautiously and also use proper risk management for your trades.


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Cheers and have a profitable week!


VFT Team

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