EUR/USD… want to see something gross?

Well, here it is. EUR/USD is pretty gross A drop below the SMA 200 and lateral support, now turning to resistance as a bear flag curls down from it. Not good until/unless it claws back above the SMA 200. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates … Continue reading EUR/USD… want to see something gross?

Gold in Euros

As noted in NFTRH 616 yesterday, and with respect to the previous post about the Euro… I want to point out what looks like a buying opportunity for European readers. Gold dropped to the daily SMA 50 last week as measured in Euros. That is clear support. Testimonials A price increase will be in effect on September 1 ($38/mo, $390/yr). Subscribe to the value-priced NFTRH … Continue reading Gold in Euros

Historic Commercial Net Short Euro Positioning

Per Sentimentrader, here’s the epic CoT alignment in Euros showing Commercial Hedgers burrowing southward in their net short positions. I patiently remain short the Euro against the Trump/Treasury/Fed Triumvirate (TTFT) that is trying its damnedest to see that position fail. If this logical long-term resistance area does not offer said resistance I’ll have to think about aborting the position. Testimonials A price increase will be … Continue reading Historic Commercial Net Short Euro Positioning

NFTRH+; Targets Solidly Registered… Thoughts on What Now

Not only have gold and silver touched the target zones, they’ve smashed into and exceeded them. Gold hit 1974 (target: 1940) and silver hit 26.27 (target: 24-26). Unfortunately, they did this overnight (for US and Canadian markets) and so any adjustments to be made upon the firm registering of targets may have to come on a day that silver is pulling back (currently -.65) rather … Continue reading NFTRH+; Targets Solidly Registered… Thoughts on What Now

Euro Limit Upcoming?

If we are going to note potential support for the US dollar, why not also look at a potential limiting point for its main rival? I am just presenting simple monthly charts here and you are welcome to form your own conclusions in order to manage risk. Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; … Continue reading Euro Limit Upcoming?