MARKET COLOUR FOR THE WEEK 9TH DECEMBER 2024.

Dec 08, 2024 3:51 pm

Hi


Happy new trading week. We trust that the last trading week was profitable for you.


Here’s something to keep in mind: The better you get at trading, the more you’ll love the process, so never stop pushing to improve.


At Value Flow Trading, that’s the energy we’re bringing into the week.Here's our Analysis for the week.


USD Analysis.


The dollar has been on a bullish trend for a while now making it the most preferred safe-haven asset at the moment. Last week we saw further pullback in the dollar.


This week, we anticipate further pullback into 105.258 level before the continuation of the buy, the rally on the dollar should persist a bit longer.


This week, we’re keeping an eye on key setups, starting with short positions on GBP/USD and EUR/USD.


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

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JPY Analysis


Last week, the yen basket continued being bullish, reaching the 6753 level and building on its upward momentum. Consequently, most yen-correlated pairs experienced bearish moves.


Into this week, we anticipate further bullish movement in the yen basket, presenting additional short-term selling opportunities on yen pairs.


Study the chart below for a detailed outlook on potential moves for the week.

image



GOLD


Last week, gold extended its bearish move following a brief pullback to the 2716.871 level.


This week, we anticipate the downtrend to resume after some range-bound movement, with prices potentially targeting the low at 2537.421. Once our Value Flow Models confirm the setup, we’ll continue the sell-off.


Take a look at the chart below for detailed insights and potential opportunities.


image


Trade responsibly and prioritize sound risk management.


Here’s to a week of smart decisions and consistent gains.

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Best Regards.

VFT Team



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