Highlights and themes
- The recent US Dollar bounce stalled with a sell Setup 9 and pulled back but…
- There is potential for continued upside with DeMark Sequential starting
- Euro bounce continued yet might stall. Pound has downside Sequential in progress
- Yen could also start to weaken this week
- Crypto had Bitcoin move sideways while Ethereum still moved higher as the new market favorite
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 pulled back with Setup 9 and a potential upside Sequential starting on day 3 of 13.
DXY US Dollar Index weekly did bounce with Setup 9 test still has a pending Sequential which is the most bearish thing with the USD
Bloomberg US Dollar Index daily also with pullback and chance for an upside Sequential Countdown starting
US Dollar bullish sentiment with sharp drop this past week but holding the 20 day moving average of bullish sentiment that I mentioned last week on a First Call that was possible.
US Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Major USD Crosses
EURUSD Euro / US Dollar with bounce stalling maybe here
Euro bullish sentiment with support at 60% that might be tested soon
Euro Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
GBPUSD British Pound Sterling / US Dollar with downside Sequential on day 4 of 13
British Pound Sterling bullish sentiment continues hold the recent support ~60%
British Pound Sterling Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
AUDUSD Australian Dollar / US Dollar remains steady
Australian Dollar bullish sentiment remains steady
Australian Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDCAD US Dollar / Canadian Dollar with pending Sequential
Canadian Dollar bullish sentiment continues lower
Canadian Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDCHF US Dollar / Swiss Franc has seen no turn with trend. Pending Sequential Countdown
Swiss Franc bullish sentiment has been steady
Swiss Franc Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDJPY Japanese Yen daily saw a reversal after the 9 however let’s see if the Sequential will continue
Japanese Yen bullish sentiment continues lower
Yen Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Crypto
Bitcoin daily has moved sideways since recent Combo 13 and Setup 9
Bitcoin bullish sentiment down on the week but still in elevated zone
Ethereum with recent Sequential and Sequential 13’s with continuation upside with secondary Sequential on day 7 of 13. The recent move is due to new funds adding aggressively to buy ETH.
Three major Yen crosses
Yen remains weaker vs crosses
EURJPY Euro / Japanese Yen
GBPJPY British Pound Sterling / Japanese Yen
AUDJPY Australian Dollar / Japanese Yen
US Dollar vs Emerging Markets
USDMXN US Dollar / Mexican Peso with new Sequential 13. Other 13’s have had little reversal if any
Mexican Peso bullish sentiment remains steady
Mexican Peso Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDCNH US Dollar / Chinese Offshore Renminbi (Yuan) with secondary Sequential after second Setup 9
