Highlights and themes
- US Dollar has upside potential, qualifying into upside wave 3 of 5, holding above the 200-day
- Dollar crosses are range-bound, with potential for weakness amid a trend of lower sentiment.
- Crypto remains under pressure with downside Sequential Countdowns in progress; bounces will occur, but risk remains.
- Yen weakness is pronounced despite some exhaustion signals
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 holding above 200 day in upside wave 3 of 5
DXY US Dollar Index weekly
US Dollar bullish sentiment bounce off 50% midpoint level
Major USD Crosses
EURUSD Euro / US Dollar at risk of breaking below recent low into wave 3
Euro bullish sentiment has been weakening for two months
GBPUSD British Pound Sterling / US Dollar with secondary Sequential in progress
British Pound Sterling bullish sentiment still under 50% midpoint level
AUDUSD Australian Dollar / US Dollar with Sequential on day 11 of 13 range bound
Australian Dollar bullish sentiment with new recent low
USDCAD US Dollar / Canadian Dollar trend remains with 50 day support
Canadian Dollar bullish sentiment remains under pressure
USDCHF US Dollar / Swiss Franc range bound
Swiss Franc bullish sentiment is volatile with another move lower
USDJPY Japanese Yen daily with several signals 9’s and 13’s with upside 20 day sloping support
Japanese Yen bullish sentiment remains under pressure
Crypto
Bitcoin daily remains under pressure with new Sequential in progress on downside. Oversold RSI so bounces due
Bitcoin bullish sentiment with several year low this past week
Ethereum with Sequential in progress and Combo 13.
Three major Yen crosses
Trend remains steady with weak yen although a few signals to monitor
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 decent potential for a turn after recent Sequential 13
USDMXN US Dollar / Mexican Peso steady
Mexican Peso bullish sentiment slightly below last two months low
USDZAR US Dollar / South African Rand possible turn with this above 50 day
USDCNH US Dollar / Chinese Offshore Renminbi (Yuan) still lacking any turn
