MARKET COLOR FOR THE WEEK 18TH SEPTEMBER 2023

Sep 18, 2023 4:01 am

Hi ,


Happy New Week!


Do you see how precise our analysis was last week?



Remember, "In the world of trading, every day is a fresh start. Make the most of the remaining days in the year to achieve your financial goals."



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 still expect a BULLISH dollar after a brief retracement as analyzed in the chart below. Therefore, we look forward to longing the dollar, which implies shorting its correlated pairs (GBPUSD, EURUSD) when we see a structure for the dollar rally, as illustrated in the markup below.


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JPY: Throughout last week, the YEN was ranging against our BULLISH prediction for about three 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.


image



GOLD: Last week, we saw the Gold spot continue its downtrend, forming the low of the week on Thursday and rallying on Friday, where it bounced back from the trend line.


Moving forward this week, we still expect the Gold spot to sell into the daily FVG. Therefore, this week we are looking to SHORT the Gold Spot as soon as our Value Flow Models® align.


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Make sure you trade cautiously and stick to your risk management plan as we expect FOMC and some other bank rates this week.

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Cheers and have a profitable week


VFT Team

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