MARKET COLOR FOR THE WEEK 18TH NOVEMBER 2024

Nov 17, 2024 11:21 pm

Hi ,


Happy New Week!

How was your trading last week?


It was a profitable week for us here at Value Flow Trading, and we’re looking forward to another week of exciting opportunities and gains.


Remember: "Consistency in withdrawals, no matter how small, keeps your morale high as a trader."


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


USD: The dollar has remained bullish, continuing its rally post-election. It currently appears to be the most preferred safe-haven asset since the election results.


Looking ahead, we expect the dollar to continue its rally, followed by a pullback. This presents opportunities for short trades on pairs like GBP/USD and EUR/USD before considering long positions. Check the chart below for detailed insights.


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JPY: Last week, the Yen basket was overall bullish but moved within a range. This caused other Yen-correlated pairs to remain bearish and range-bound.


For this week, we anticipate further sell-offs of the Yen to clear liquidity below the daily order block, which remains unmitigated. Afterward, a bullish trend is expected to resume. This presents more sell opportunities on Yen pairs as illustrated in the chart below.


image


GOLD: Last week, we saw a continuation of the sell-off in gold, with the precious metal trading below the 2550 level.


This week, we anticipate a pullback in gold before the sell-off continues, particularly when our Value Flow Models® align. Be sure to review the chart below for a comprehensive analysis.


image


Remember to always trade cautiously and implement proper risk management strategies.


Wishing you a profitable trading week ahead!

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Cheers!


VFT Team

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