Highlights and themes
- US Dollar Index is getting closer to another DeMark buy Countdown 13 on the daily while the weekly chart looks concerning.
- Steady action with European currencies vs USD
- Yen weakened vs USD with pending Sequential remaining on day 10 of 13
- Crypto saw reversals down with Bitcoin recent DeMark Sequential and Combo sell Countdown 13’s
Comments on charts. If you have questions or would like more context, please email.
Currency Sentiment Overview
Currency sentiment highlights
US Dollar Indexes
DXY US Dollar Index daily trying to hold the recent lows. Secondary Sequential on day 12 of 13.
DXY US Dollar Index weekly remains concerning with downside Sequential on week 5 of 13
Bloomberg US Dollar Index daily with recent Combo 13 and buy Setup 9
US Dollar bullish sentiment earlier in the week made a new low
Major USD Crosses
EURUSD Euro / US Dollar holding the 20 day although this could be a lower high wave 2 of 5
Euro bullish sentiment holding the 20 day moving average of bullish sentiment
GBPUSD British Pound Sterling / US Dollar reversed down in the last week small after Setup 9
British Pound Sterling bullish sentiment still supportive
AUDUSD Australian Dollar / US Dollar steady
Australian Dollar bullish sentiment steady
USDCAD US Dollar / Canadian Dollar with Sequential on day 11 of 13
Canadian Dollar bullish sentiment strong week
USDCHF US Dollar / Swiss Franc with Sequential on day 10 of 13
Swiss Franc bullish sentiment with some lower highs
USDJPY Japanese Yen daily bounced last week after an Aggressive Sequential 13 while the standard Sequential remains pending on day 10 of 13
Japanese Yen bullish sentiment holding 20 day moving average of bullish sentiment
Crypto
Bitcoin daily reversal after recent DeMark Sequential and Combo sell Countdown 13’s.
Bitcoin bullish sentiment fell below the 20 day moving average of bullish sentiment after reaching the extreme zone >80%
Ethereum with price flip down after recent Sell Setup 9 stalled the advance. Watching if the pending Sequential will continue.
Three major Yen crosses – mixed
EURJPY Euro / Japanese Yen steady with recent Sequential sell Countdown 13
GBPJPY British Pound Sterling / Japanese Yen with pending upside Sequential on day 8 of 13
AUDJPY Australian Dollar / Japanese Yen with pending secondary downside Sequential on day 9 of 13
US Dollar vs Emerging Markets
USDBRL US Dollar / Brazilian Real with pending Sequential however decent price flip up
USDMXN US Dollar / Mexican Peso with Combo and Aggressive Sequential buy Countdown 13 and Sequential pending on day 8 of 13
Mexican Peso bullish sentiment with first move under 20 day moving average of bullish sentiment in a month
USDZAR US Dollar / South African Rand with new Sequential buy Countdown 13
USDCNH US Dollar / Chinese Offshore Renminbi (Yuan) with Sequential still pending
