MARKET COLOR FOR THE WEEK 11TH MARCH 2024

Mar 10, 2024 6:00 pm

Hi ,


It's a new week!


Last week was quite eventful in the industry, with significant movements in various markets. Whether it was challenging or profitable for you, it's essential to learn from every trading experience and keep pushing forward.


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


USD: After experiencing heavy bearishness of the dollar last week due to NFP data release. This week, we anticipate the dollar to rally (pull back) before potentially 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 showed bullish tendencies but has yet to reach its intended Point of Interest (POI). This week, we expect further bullish movement into our POI before a potential sell-off, indicating that Yen-correlated pairs might turn bearish.


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GOLD: The Gold Spot demonstrated significant bullish momentum last week, attempting to establish a new high. We anticipate a slight pullback this week before the rally continues. However, we advise caution and suggest shorting only if there's a clear market structure shift on the hourly timeframe, confirmed by our Value Flow Modelsยฎ.


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As always, remember to trade cautiously and implement proper risk management strategies, especially considering the upcoming CPI and other market-moving news.


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Wishing you a successful and profitable week ahead!


VFT Team

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