Highlights and themes
- The US Dollar recently backed off from the 200-day moving average, but stalled the decline on Friday
- Crypto remains under pressure
- A lot is discussed on this note/charts
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 backed off at the 200 day.
DXY US Dollar Index weekly still has the pending Sequential Countdown. Upside Setup on week 6 of 9. Completion of the Setup 9 next month would cancel the pending Sequential.
Bloomberg US Dollar Index daily similar to DXY
US Dollar bullish sentiment backed off last week while holding 50%
US Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Major USD Crosses
EURUSD Euro / US Dollar range bound with possible lower high wave 2 of 5
Euro bullish sentiment with lower highs?
Euro Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
GBPUSD British Pound Sterling / US Dollar with recent Sequential 13
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 range bound
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 remains under pressure
Canadian Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDCHF US Dollar / Swiss Franc remains range bound
Swiss Franc bullish sentiment with sharp move recently
Swiss Franc Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators. Recent Sequential 13
USDJPY Japanese Yen daily with upside wave 5 price objective achieved
Japanese Yen bullish sentiment remains and might stay under pressure as it has in the past
Yen Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators. Sell Setup 9
Crypto
Bitcoin daily hit the downside wave 3 of 5 price objective and has a Setup on day 5 of 9
Weekly broke the 50 week with some possible retracement levels to watch.
Bitcoin bullish sentiment made new one year low
Ethereum risk now is breaking 3k with secondary Sequential in progress
Three major Yen crosses
Stll trending higher vs Yen
EURJPY Euro / Japanese Yen
GBPJPY British Pound Sterling / Japanese Yen
AUDJPY Australian Dollar / Japanese Yen – sorry don’t have this chart
US Dollar vs Emerging Markets
USDBRL US Dollar / Brazilian Real with recent Sequential 13 and Setup 9 possible tomorrow
USDMXN US Dollar / Mexican Peso still with pending Sequential
Mexican Peso bullish sentiment steady
Mexican Peso Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators with new Combo 13 and Sequential on week 9/13
USDZAR US Dollar / South African Rand with new Combo 13
USDCNH US Dollar / Chinese Offshore Renminbi (Yuan) with Sequential having no impact
