MARKET COLOR FOR THE WEEK 27TH NOVEMBER 2023

Nov 27, 2023 3:01 am

Hi ,


Happy New Week!


How was your trading performance last week? I hope it was more profitable.


Remember, "Every trade is a lesson, and every lesson is an opportunity for growth. Approach each day with a student's mindset, and let your knowledge be your compass."


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


USD: Last week, the dollar was bearish, but the momentum wasn't as expected. This bearish trend is likely to persist 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, we observed the YEN pullback after tapping into an FVG but did not break the previous week's low. This gives a positive impression of the long-awaited rally on the YEN.


This week, we anticipate a bullish move for 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 after a pullback on Monday, closing the week around the 2002 level as predicted.


Moving forward this week, we expect the Gold Spot to continue its rally to the all-time high, as illustrated in the chart below.


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.


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Wishing you a successful trading week ahead!


VFT Team

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