MARKET COLOR FOR THE WEEK 13TH MAY 2024

May 12, 2024 6:00 pm

Hello ,


Happy New Week!

Trust you had a fruitful time in the market last week?


Remember, "As a trader, you are not defined by your wins or losses but by your ability to adapt. Embrace change, learn from experiences, and let your resilience be your legacy."


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


USD: Last week, the dollar was bullish as analyzed but with little momentum to the upside, remaining within our bullish trend line.


Looking ahead this week, we still anticipate a bullish dollar, as illustrated in the chart below. This suggests short positions on its correlated pairs (GBPUSD, EURUSD).


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JPY: Last week, the Yen was heavily bearish contrary to our analysis for a long position. It traded into the daily FVG and Order Block.


This week, we anticipate a rally of the Yen from the daily Order Block after filling the FVG, as illustrated in the chart below, indicating potential bearishness for Yen-correlated pairs.


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GOLD: Last week, the Gold Spot was bullish as there was buy pressure into our daily POI for a sell as analyzed.


Moving forward this week, we expect the Gold Spot to sell into the daily flipped zone as marked in the chart below, particularly when our Value Flow Modelsยฎ align.


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Remember to always trade cautiously and implement proper risk management strategies.


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QUICK REMINDER:


, don't forget our upcoming TRADERS BOOTCAMP live in the city of Abuja. Kindly use the link below to register for the event.



Further information about the event is on the flyer below. Prepare and plan to attend this boot camp; it is FREE! but registration is COMPULSORY.



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Also, join us for our daily Market Color session as we will have a special guest joining us on Tuesday, May 14th, 2024, at 8:30 am. It's going to be a special session providing deep insights into the market once again.


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Wishing you a successful and profitable week ahead!

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Cheers!


VFT Team

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