Here's Our Thoughts on the Markets This Week

Apr 11, 2023 10:31 am

Hello ,


Trust your weekend was full of fun and you enjoyed your break.

I believe you are prepared for a profitable week.


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


USD: the USD is bullish this week, as we also see buy side liquidity that should be cleared. Looking at our monthly time frame, the dollar is sitting on a strong support which was an old year long resistance. This implies we would be shorting Foreign currency pairs such as GBPUSD, EURUSD and the rest.


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JPY: for this week we see a weak YEN as it is still struggling to break the week long resistance. This implies that we would be longing the yen associated pairs such as GBPJPY for the week. We are also looking out to long the USDJPY due to the dollar strength and the yen weakness.


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GOLD: For this week we look forward to shorting Gold, seeing clearly that it's struggling with the all time high. This high has remained the resistance since 2020. Whenever we see a clear structure supporting our sell bias and also our Value Flow Modelยฎ for Gold aligns, we short. Also, 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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