The US Dollar Shakes And The Financial Markets Quake, On Cue

Per this now public NFTRH+ update (Dec. 28) we noted that an oversold Uncle Buck was due for a bounce. Well, bounce the buck did. Right to the daily EMA 20, which combined with resistance at the 102.50 area is our first and primary objective… if it’s just a bounce to shake the flees off the markets.

But a stronger bounce and more market volatility could see USD test the convergence of the daily SMA 50 and SMA 200. As it stands now, the intermediate trend is clearly down. USD would not get out of jail until it clears and holds 103.50.

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