Highlights and themes
- The Dollar Index did qualify the recent DeMark Sequential buy Countdown
- Dollar sentiment lifted on Friday and will need to clear a couple of levels most importantly the TDST Setup Trend 101.25
- Several dollar crosses did get Sequential 13’s as well notably the British Pound
- Yen still is on day 10 of 13 with the pending Sequential and the weekly did get the Sequential 13
- Crypto held recent lows. Bitcoin had a recent DeMark Sequential and Combo and has big round number support at 100k
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Currency Sentiment Overview
Currency sentiment highlights
US Dollar Indexes
DXY US Dollar Index daily with Secondary Sequential 13 earlier in the week with price flip up (green 1) yet will need to show continuation and move over TDST at 101.25 to change trend.
DXY US Dollar Index weekly
Bloomberg US Dollar Index daily has had several buy Countdown 13s and Setup 9. Price flip up Friday yet will need to continue up on Monday to continue the Setup.
US Dollar bullish sentiment trying again to bounce but overall needs to prove with more upside
US Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Major USD Crosses
EURUSD Euro / US Dollar has moved sideways holding 50 day twice
Euro bullish sentiment slipped on Friday
Euro Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
GBPUSD British Pound Sterling / US Dollar with new Sequential sell Countdown 13 on Thursday
British Pound Sterling bullish sentiment slipped on Friday
British Pound Sterling Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
AUDUSD Australian Dollar / US Dollar steady above the 200 day
Australian Dollar bullish sentiment steady
Australian Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDCAD US Dollar / Canadian Dollar with new Sequential 13 this week
Canadian Dollar bullish sentiment hit a new high this past week
Canadian Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDCHF US Dollar / Swiss Franc with Sequential left pending on day 11 of 13.
Swiss Franc bullish sentiment with the firs move under the 50% in 6 weeks
Swiss Franc Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDJPY Japanese Yen daily has the downside Sequential left pending on day 11 of 13. I expect the 13 to complete on the daily and look below at the weekly with a 13 now.
Japanese Yen bullish sentiment has been in the elevated zone and backed off small. 50% midpoint level is what to watch
Yen Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators. NEW SEQUENTIAL 13
Crypto
Bitcoin daily with recent top Sequential and Combo sell Countdown 13’s. Backing off to 50 day with 100k big round number support now
Bitcoin bullish sentiment has moved off recent highs in the extreme zone and under the 20 day moving average of bullish sentiment.
Ethereum stalled after the Setup 9 with a Sequential left pending.
Two major Yen crosses
EURJPY Euro / Japanese Yen with recent Sequential 13 and two week pullback. In upside wave 5 of 5 with potential upside price objective of 167.85
GBPJPY British Pound Sterling / Japanese Yen with Sequential on day 10 of 13
US Dollar vs Emerging Markets
USDBRL US Dollar / Brazilian Real with Sequential on day 9 of 13 with new Aggressive Sequential 13 and Combo 13
USDMXN US Dollar / Mexican Peso with Sequential on day 12 of 13 following new Combo 13
Mexican Peso bullish sentiment remains in elevated zone
USDZAR US Dollar / South African Rand with qualified Sequential and new Combo 13’s
USDCNH US Dollar / Chinese Offshore Renminbi (Yuan) with Sequential Countdown on day day 9 of 13
