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🔎📊 Your CFTC Data Analysis - Jan'24 🚨 Featuring the $EURUSD

Updated: Jan 26



#GOLD is not doing anything right now. The focus does not seem to be on this asset for the time being. It failed to produce a long signal so now we wait for that.

 

$USDWTI  - Daily supply pushed price lower but we also have weekly demand that is keeping price up.

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

 

$EURUSD Price dropped as we expected because retail traders maxed out their shorts. Then as price dropped they started entering into long positions. On Friday #nfp data came out positive for the us dollar and that seemed to get retail switching back into short positions again. I’ll be watching this week to see if retail will continue adding to their shorts.


🔎📊 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.


EURUSD: Institutional traders have a BULLISH SENTIMENT Interest Rate: 4.50% (last change – September 14th ’23)

Overview: Price based on the weekly chart and the banks closed some shorts from 208k to 204k and then they increased their shorts from 89k to a slightly aggressive 100k. I suspect this increase in shorts may be in preparation for the coming drop we expect. Look back in October and their short positions and how they were what we are at now only lower in the chart.  We’ve seen retail increase their shorts slightly and there is a good chance the banks will lure them in to do so again. The purpose of this would be for the banks to start accumulating a short position – this is the theory of course – and should we see this play out it will do very well for our short position. We still have the monthly chart in a range and supply was the last zone contacted so we are expecting more momentum to the downside.





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