MARKET COLOR FOR THE WEEK 20TH NOVEMBER 2023

Nov 20, 2023 4:01 am

Hi ,


Happy New Week!


How was your trading performance last week? I hope the CPI didn't impact your account negatively


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 at Value Flow Trading, this is our analysis for the week:


USD: Last week, the dollar was bearish as expected, showing a minimal momentum for a pullback. This bearish trend is likely to continue for the remaining days of the year due to increased pressure on the dollar.


Going forward this week, we still anticipate a bearish trend for the dollar, as illustrated in the chart below. Therefore, we are considering shorting the dollar this week, implying long positions on its correlated pairs (GBPUSD, EURUSD) when a structure for a dollar short is identified, as illustrated in the markup below.


image


JPY: Last week, the Yen experienced a further decline, with a notable rally on Thursday until the market's close on Friday.


This week, we anticipate a retracement of the Yen, as shown in the chart below, suggesting that Yen-correlated pairs might be bearish. However, the overall trend for the Yen remains bearish.


image


GOLD: Last week, the Gold Spot resumed its bullish trend, influenced by the sell pressure on the dollar.


Moving forward this week, we expect the Gold Spot to pull back into the FVG marked in the chart below and continue its rally, targeting the 2078 level.


Therefore, this week, we are still going long on the Gold Spot as soon as our Value Flow Modelsยฎ align.


image


Remember to trade cautiously and stick to your risk management plan.


---------------------------


Enjoy Cashflow Without Time Restrictions!

If you find yourself occupied during weekdays and only have weekends available, but still desire to enhance your cashflow through trading, then we have the perfect solution for you.


image


Join us for the highly anticipated November 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 22nd - 24th November, 2023.


Registration closes: Today


For any inquiries or further information, feel free to click the button below. We're here to assist you on your trading journey!


WhatsApp Us


---------------------------

Wishing you a successful trading week ahead!


VFT Team

Comments