MARKET COLOUR FOR THE WEEK 16TH DECEMBER 2024.

Dec 15, 2024 9:01 pm

Hi ,


Happy new trading week! We hope last week brought you great success in your trading journey.


Here’s a thought to inspire you; "Successful trading is about managing risk, not eliminating it"


At Value Flow Trading, we’re channeling that same positive energy into the new week. Here’s our market analysis to guide you through the days ahead.


USD Analysis;


The dollar has been steadily climbing, holding its place as the top safe-haven asset. Last week, it pulled back into 105.258 and continued its upward trend.


This week, we’re watching for a potential move above the 108.105 daily high.


This week, our focus is on key setups, starting with potential short positions on GBP/USD and EUR/USD.


Check out the chart below for a detailed breakdown.


image



JPY Analysis.


Last week, the Yen basket traded into the order block at 6717 level and reacted off it to the downside. Most yen-correlated pairs experienced bullish moves.


This week, we anticipate the resumption of potential bullish moves in the Yen basket, presenting short-term sells on yen-correlated pairs.


Take a look at the chart below for a full breakdown, let’s make the most of the opportunities ahead!


image


GOLD


Last week, gold continued its bearish trend after a brief pullback into the order block at the 2728.716 level.


This week, we expect the downtrend to resume following some consolidation, with prices potentially aiming for the low at 2538.555. Once our Value Flow Models confirm the setup, we’ll look to capitalize on the sell-off.


Check out the chart below for a detailed breakdown and potential trading opportunities.


image



Always trade with discipline and focus on solid risk management.


Wishing you a week of strategic decisions and sustainable growth.

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Cheers.

VFT Team




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