top of page

🔎📊 Your CFTC Data Analysis - Feb'24 🚨 Featuring the $USDJPY

Based on the Commitments of Traders data reported on: February 13th'23



 

GOLD nothing of any strong influence here except bank adding to their shorts

 

$USDWTI  - daily supply held and dropped price. This supply needs removal in order for larger move higher.

NOTE: Remember what we’ve said with respect to the $USO and the massive supply in play.


$EURUSD There has been a change to the dynamic of price recently.

1)      A new 4h demand zone has been created after the

2)      Descending trend line was broken.

3)      With this momentum shift we can expect some upside to occur. How high? We can’t really know.


$TLT I still have my orders to add to my long.


S&P 500 price has been rallying lately after new demand came into the market. Now we have:

1)      Daily supply created after a demand was removed. No daily uptrend anymore.

2)      The 4h demand zone, if broken, will allow for price to drop to the…

3)      Daily demand zone lower on the chart.

 

$USDJPY supply was removed but we may see a drop since $eurusd expected higher. We’ll see.


$USDCHF watching for more momentum to the upside since the (1) descending trend line broke, which to me signals momentum should likely continue upwards now.

 

Feb 18th Update: price rallied


🔎📊 CFTC EXPERT ANALYSIS


🎩 Each week I will highlight a specific pair from the Araujo Report. The analysis will be a potion of what's made available to members.


USDJPY: Institutional traders have a BULLISH SENTIMENT Interest Rate: -0.10% (last change - January 29, 2016) Force of Price 

FORCES

Monthly

Ranging – very moderate force is down

Weekly

Ranging – moderate force is up

Overview: Price rallied up slightly and the banks massively increased their longs from 139k to now 170 (super aggressive) and shorts increased slightly from 55k to 58k. Recently we wrote “price looks like it’s ready to blast to the upside right now and this is what took place the past couple weeks. We were watching for the daily supply that was is play to be removed and it has been removed now. A new demand was formed and we entered in long. The trade is in the green and stops moved to make the trade risk free. Recently price reacted to the weekly demand and rallied. We closed a long trade which was given out on our telegram channel. I’ve got a long term target at 157 that I placed on Sept 27th’23 so we’ll see if price continues to make its way higher over the very long term.





0 comments

Comentários


bottom of page