MARKET COLOR FOR THE WEEK 12TH FEBRUARY 2024

Feb 11, 2024 10:00 pm

Hi ,


Happy New Week!


How was your trading performance last week?


Here at Value Flow Trading, it was a profitable week. Check out some of our analyses on Gold Spot from last week.


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Would you like to replicate this? Follow the steps below:


  • Click on the link below to create your trading account with OctaFX:


https://my.octafx.com/open-account/?refid=ib38068369


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  • Fund your account with at least $100.


  • Send us proof that you've completed steps one and two by sending a screenshot of your account registration and MT4 balance to us on Telegram by clicking the button below.


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Remember, "The markets may fluctuate, but your dedication should remain constant. Trade with passion, adapt with wisdom, and let your consistency be your hallmark."



Here is our analysis for the week:


USD: Last week, the dollar was bullish but lacked momentum to sustain the bullishness after breaking out of the range during the last NFP release.


Going forward this week, we anticipate the dollar to pull back a bit into the daily order block, then continue its rally. This implies long positions on its correlated pairs (GBPUSD, EURUSD) during the pullback, then short as the dollar rallies.


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JPY: Last week, the Yen was bearish against our analysis, trading back into the daily order block which is expected to send the price back up after forming the all-time low last year.


Going forward this week, we still anticipate a bullish Yen, suggesting that Yen-correlated pairs might be bearish.


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GOLD: Last week, the Gold Spot was bearish; however, it hasn't reached our point where we intend to long it from around the 1996 level where we have the daily order block.


Going forward this week, we anticipate the Gold Spot to sell into the daily order block, where we are looking to long the Gold Spot again for the week as soon as our Value Flow Modelsยฎ align.


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Remember to trade cautiously and use your proper risk management strategy.

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Wishing you a profitable trading week ahead!


VFT Team

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