MARKET COLOR FOR THE WEEK 18TH MARCH 2024

Mar 17, 2024 9:12 pm

Hi ,


Happy new week!


It's a fresh opportunity to challenge the status quo once again. As a trader, you wield the power to transform financial uncertainty into opportunity. Embrace the challenge, trust your instincts, and conquer the markets.


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


USD: Last week, the dollar was bullish as anticipated, pulling back after its sell-off two weeks ago following the NFP data release.

This week, we anticipate a further rally (pullback) for the dollar before resuming its downward trend. This suggests short positions on correlated pairs like GBPUSD and EURUSD, followed by long positions as the bearish trend continues.


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JPY: Last week, the Yen performed according to our analysis, rallying into our point of interest (POI) and then experiencing a sell-off, causing Yen-correlated pairs to rally.

This week, we expect further bullish movement towards our POI, indicating that Yen-correlated pairs might turn bearish.


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GOLD: The Gold Spot was bearish as predicted, albeit without full momentum towards our POI.

Moving forward this week, we anticipate the Gold Spot to decline further towards our marked levels before resuming its rally when our Value Flow Modelsยฎ align.


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As always, remember to trade cautiously and implement proper risk management strategies, especially with the FED rate release (FOMC) expected this week.


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Wishing you a successful and profitable week ahead!


VFT Team

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