MARKET COLOUR FOR THE WEEK 2ND DECEMBER 2024.
Dec 01, 2024 9:01 pm
Hi ,
Happy New Week and A Jolly December to you! I trust last week was a good one for you.
Remember: “The more profitable you become, the more passionate you’ll feel about trading—so always aim to keep improving.”
Here’s our take on the week ahead at Value Flow Trading:
USD Analysis
The dollar remains on a bullish trend post-election, reinforcing its status as the top safe-haven asset at the moment. Last week we saw a pullback in the dollar for the continuation of the buy.
Our outlook? This week, we anticipate this rally will persist a bit longer before a potential pullback creates opportunities. Key setups to watch include shorting GBP/USD and EUR/USD initially, with the possibility of shifting to long positions as conditions evolve.
Take a look at the chart below for a detailed breakdown—let’s capitalize on this week’s opportunities!
JPY Analysis
Last week, the yen basket continued its bullish run, reaching the 6148 level and building on its upward momentum. Consequently, most yen-correlated pairs experienced bearish pressure.
Looking ahead to this week, we anticipate further bullish movement in the yen basket, presenting additional short-term selling opportunities on yen pairs.
Take a look at the chart below for a detailed outlook on potential moves.
GOLD
Last week, gold continued its decline after a brief pullback to the 2719.25 level.
This week, we’re anticipating the downtrend to pick up again. Once our Value Flow Models confirm the setup, we’ll be ready to jump in and ride the sell-off further.
Check out the chart below for a closer look at the setup and potential opportunities.
Trade carefully and stick to proper risk management.
Here’s to a week filled with wise choices and steady profits.
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Best regards!
VFT Team