Highlights and themes
- US Dollar bounced last week after the Bloomberg Dollar Index had DeMark buy Countdown 13’s and weely buy Setup 9’s. Continuation with some resistance near will be key focus ahead.
- Yen with a sharp reversal down again
- Three Yen crosses could be making lower highs
- Swiss Franc had DeMark sell Countdown 13’s and reversed as well
- Crypto remains steady holding above the 20 and 50 day moving averages
Comments on charts. If you have questions or would like more context, please email.
Currency Sentiment Overview
Currency sentiment highlights shows the US Dollar back above the 50% midpoint level again after moving to oversold levels.
US Dollar Indexes
DXY US Dollar Index daily with resistance at 104
DXY US Dollar Index weekly with buy Setup 9
Bloomberg US Dollar Index daily unlike the DXY Index has DeMark Combo 13 and Sequential left pending on day 12 of 13 with price reversal up.
Bloomberg US Dollar Index weekly also with a buy Setup 9.
US Dollar bullish sentiment improving yet I’d like to see the last high get surpassed.
US Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Major USD Crosses
EURUSD Euro / US Dollar
Euro bullish sentiment
Euro Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
GBPUSD British Pound Sterling / US Dollar
British Pound Sterling bullish sentiment
British Pound Sterling Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
AUDUSD Australian Dollar / US Dollar
Australian Dollar bullish sentiment
Australian Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDCAD US Dollar / Canadian Dollar
Canadian Dollar bullish sentiment
Canadian Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDCHF US Dollar / Swiss Franc with notable buy Countdown 13’s and price reversal
Swiss Franc bullish sentiment was overbought
Swiss Franc Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDJPY Japanese Yen daily with sharp reveral
The Japanese Yen’s bullish sentiment is breaking down again.
Yen Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Crypto
Bitcoin daily still holding the support of the 20 day and 50 day
Bitcoin bullish sentiment steady
Ethereum at the 50 day
Three major Yen crosses
All three still have downside DeMark Countdown’s and could be making lower high bounces.
EURJPY Euro / Japanese Yen
GBPJPY British Pound Sterling / Japanese Yen
AUDJPY Australian Dollar / Japanese Yen
US Dollar vs Emerging Markets
USDBRL US Dollar / Brazilian Real
USDMXN US Dollar / Mexican Peso
Mexican Peso bullish sentiment
Mexican Peso Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDZAR US Dollar / South African Rand
USDCNH US Dollar / Chinese Offshore Renminbi (Yuan)
DeMark Sequential Basics from Bloomberg
Detailed Commitment of Traders explanation
