MARKET COLOR FOR THE WEEK 11TH JUNE 2023
Jun 13, 2023 9:20 am
Hello ,
It's a new week!
Last week was a mixed week here at Value Flow Trading as we had our free training with the hall fully packed, sponsored by EQ Markets Global Platform along side trading.
You can watch the replay of the webinar by clicking the button below
As you start your trading week today, Remember, "The market rewards those who dare to think differently. Be willing to challenge conventional wisdom, trust your instincts, and be open to innovative ideas."
Here at Value Flow Trading, this is our analysis for the week:
USD: last week we saw a bearish dollar after forming the high of the week on Monday. However dollar is still bullish on the higher time frame and this week, we expect the continuation of the dollar rally to grab more liquidity around the 106.000 level.
Therefore, this week on the floor we look forward to longing the dollar, which implies we would be shorting Foreign currency pairs such as GBPUSD, EURUSD and other correlated pairs this week.
JPY: last week we saw a bearish YEN after forming the high of the week on Monday, then it later pull back into deep discount. JPY basket is still in a deep discount and resting on a weekly order block as highlighted on the chart which also correlates with the 79% Fibonacci level of the bullish swing.
There, this week, we still expect a bullish Yen. Which implies that the YEN correlated pairs will be bearish this week.
GOLD: Last week we saw Gold spot sold till Wednesday as predicted and later bought to form the high of the week on Friday.
This week, we look forward continue our bearish trend whenever we see a clear structure supporting our sell bias, and also when our Value Flow Model® for Gold aligns.
Make sure you trade cautiously and also use proper risk management for your trades as we expect a lot of high impact news this week.
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Would you like to trade live with us here at the trading floor during one of our live trading session?
Make a deposit of $100 on EQ Markets Global Platform using the link below and you will be added to our live trading sessions both on-site and online.
https://www.equiti.com/sc-africa/?clickid=7329&affid=C01100530
For more information, and to show you've made deposit, simply click the button below to send us a message on WhatsApp.
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Enjoy Cashflow Without Time Restrictions!
If you find yourself occupied during weekdays and only have weekends available, but still desire to enhance your financial situation through trading, then we have the perfect solution for you.
Join us for the highly anticipated June edition of the ATM Cashflow Training!
See flier details above! Learn from experienced traders who have a track record of success in the markets. This month's edition hold from 21th - 23rd June, 2023.
Registration closes: 19th June, 2023.
See you in class!
Need more info, hit the button below to send us a WhatsApp message:
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Cheers and have a profitable week!
VFT Team
