Highlights and themes
There are two main things traders are watching closest. First, if the US Dollar’s recent weakness will continue as it’s been here before and then the dollar reversed. Second, will the Yen continue to increase, and considering this would be negative risk assets will traders take notice?
Currency Sentiment Overview
Currency sentiment highlights show the US Dollar sentiment nearing the low end of the one-year range. Will it finally break?
US Dollar Indexes
DXY US Dollar Index daily
DXY US Dollar Index weekly
US Dollar bullish sentiment nearing the low of the one year range
US Dollar Commitment of Traders shows speculators increasing long exposure
Bitcoin and Ethereum
Bitcoin Daily
Bitcoin Weekly needs a 13 week closing high to qualify the wave 4 of 5
Bitcoin Bullish Sentiment remains under pressure
Ethereum Daily has several resistance levels – the TDST line and the big round number 2000
Ethereum Weekly also on watch for the wave 4 of 5
Major USD Crosses
EURUSD Euro / US Dollar
Euro bullish sentiment making a move just like the US Dollar. A lot will matter with this week’s action.
Euro Commitment of Traders
GBPUSD British Pound Sterling / US Dollar
British Pound Sterling bullish sentiment trying to lift as well
British Pound Sterling Commitment of Traders
AUDUSD Australian Dollar / US Dollar
Australian Dollar bullish sentiment stalled late in the week with a lower high
Australian Dollar Commitment of Traders
USDCAD US Dollar / Canadian Dollar
Canadian Dollar bullish sentiment has 50% resistance to watch
Canadian Dollar Commitment of Traders
USDCHF US Dollar / Swiss Franc
Swiss Franc bullish sentiment spiking with a new high in sentiment
Swiss Franc Commitment of Traders
JPY/USD Japanese Yen broke hard this week. Watch for the Setup 9 tomorrow
Japanese Yen bullish sentiment making a new higher high – this is negative risk assets but will traders notice it?
Japanese Yen commitment of traders
RISK On Risk Off
This cross is often used as a risk-on / risk-off indicator
EURAUD Euro / Australian Dollar
Three major Yen crosses
EURJPY Euro / Japanese Yen
GBPJPY British Pound Sterling / Japanese Yen
AUDJPY Australian Dollar / Japanese Yen
US Dollar vs Emerging Markets
USDTRY US Dollar / Turkish Lira
USDBRL US Dollar / Brazilian Real
Brazilian Real Commitment of Traders
USDMXN US Dollar / Mexican Peso
Mexican Peso bullish sentiment held 50% the majority line again. Good example of why I watch this 50% so closely
Mexican Peso Commitment of Traders
USDZAR US Dollar / South African Rand
USDCNH US Dollar / Chinese Offshore Renminbi (Yuan)
DeMark Sequential Basics from Bloomberg
More detailed Commitment of Traders explanation
