Highlights and themes
- Despite the recent Dollar lift off the lows a lot more upside would be required to shift the current trend
- Daily has a downside Sequential pending in progress while weekly has a recent buy Countdown 13s qualified
- Yen might be the tell with recent Setup 9 – a weakening Yen would start a new Sequential worth watching
- Crypto has new Sequential 13s in play, and I take all 13’s seriously, but I am also watching if the two completed September 9’s have more downside risk with secondary Sequential Countdowns working silently as prices stabilize. A break lower would confirm downside risk with Sequential Countdowns extending downside to the next 13’s.
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Currency Sentiment Overview
Currency sentiment highlights
US Dollar Indexes
DXY US Dollar Index daily bounced off the buy Setup 9 and has a Sequential in progress and 200 day resistance at 98.36 and more important TDST Resistance at 99.39
DXY US Dollar Index weekly has recent buy Countdown 13’s and 100+ as resistance breakout levels
Bloomberg US Dollar Index daily has held under the 50 day with a Sequential in progress
US Dollar bullish sentiment touched the 70% elevated zone level last week
Major USD Crosses
EURUSD Euro / US Dollar has been weakening and has a Sequential Countdown in progress
Euro bullish sentiment bounced off 50% last week
GBPUSD British Pound Sterling / US Dollar weakening and holding January lows for now
British Pound Sterling bullish sentiment weakening 20 day moving average of bullish sentiment
AUDUSD Australian Dollar / US Dollar with Sequential pending on day 7 of 13
Australian Dollar bullish sentiment is elevated
USDCAD US Dollar / Canadian Dollar with Sequential on day 6 of 13
Canadian Dollar bullish sentiment holding 60%
USDCHF US Dollar / Swiss Franc with Sequential on day 4 of 13 trend remains in intact
Swiss Franc bullish sentiment steady at 50%
USDJPY Japanese Yen daily with new Setup 9. Stronger yen ahead?
Japanese Yen bullish sentiment with higher lows?
Crypto
Bitcoin daily with new Sequential 13 yet with two completed Setup 9’s there is a secondary Sequential in progress
Bitcoin bullish sentiment remains under pressure
Ethereum with recent Sequential 13 and secondary Sequential in progress – weak bottom if this is one
Three major Yen crosses
Stalling with two with new sell Setup 9’s
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 new Sequential buy Countdown 13
USDMXN US Dollar / Mexican Peso with another cluster of buy Countdown 13’s and slight turn
Mexican Peso bullish sentiment steady
USDZAR US Dollar / South African Rand stable with price flip but needs to clear 50 day
USDCNH US Dollar / Chinese Offshore Renminbi (Yuan) trend remains intact
