MARKET COLOR FOR THE WEEK 15TH APRIL 2024

Apr 14, 2024 9:00 pm

Hi ,


Happy New week!


Trust you enjoyed your Salah break last week and that you also traded profitably.


Remember, "Trading is not just about making money; it's about mastering the art of decision-making. Sharpen your skills, stay informed, and let your expertise shine."


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


USD: Last week, the dollar was heavily bullish against our bearish analysis after the release of the CPI data on Wednesday until the close of the market on Friday.


Looking ahead this week, we anticipate a pullback of the dollar, then a continuation of its bullish trend as illustrated in the chart below. This suggests, first, a long position on its correlated pairs (GBPUSD, EURUSD), then the continuation of the sell.


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JPY: Last week, the Yen was bullish as analyzed. After forming a new low, it continued its bullish trend and created a new market structure shift.


This week, we still anticipate the continuation of the bullish yen, suggesting that Yen-correlated pairs might be bearish.


image


GOLD: Last week, the Gold Spot continued its rally, seeking new highs around 2431.590.


In the upcoming week, the Gold Spot should still remain in its bullish trend until it breaks the support zone around 2318.760. However, if it breaks that level, then we look for our sell signature to sell it all down, as illustrated in the chart below and aligning with our Value Flow Models®.


image


Remember to always trade cautiously and implement proper risk management.


Wishing you a successful and profitable month ahead!

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Cheers!


VFT Team

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