Highlights and themes
- A few weeks ago there were DeMark Sequential and Combo buy Countdown 13’s which had a minor bounce
- Last week I cautioned the US Dollar had risk of moving lower which it did with a pronounced sentiment drop and it’s not yet oversold
- The theme is to watch all of the daily charts of the USD and crosses with Sequential Countdowns in progress
- When these qualify there could be another bounce attempt yet the weekly of the DXY is concerning
- Crypto stalled this week with Bitcoin with new Sequential and Combo sell Countdown 13’s in play
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 with secondary Sequential on day 10 of 13 with Aggressive Sequential 13 (amber)
DXY US Dollar Index weekly at the low end of the range with Sequential on week 4 of 13
Bloomberg US Dollar Index daily couldn’t get much from the recent 13’s
US Dollar bullish sentiment fell hard last week and is not yet fully oversold
US Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Major USD Crosses
EURUSD Euro / US Dollar with secondary Sequential on day 5 of 13
Euro bullish sentiment bounced last week
Euro Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
GBPUSD British Pound Sterling / US Dollar with Sequential on day 9 of 13
British Pound Sterling bullish sentiment bounced last week
British Pound Sterling Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
AUDUSD Australian Dollar / US Dollar hanging around 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 Sequential on day 9 of 13
Canadian Dollar bullish sentiment bounced last week
Canadian Dollar Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDCHF US Dollar / Swiss Franc with Sequential on day 8 of 13
Swiss Franc bullish sentiment bounced off 50% midpoint level
Swiss Franc Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDJPY Japanese Yen daily with Sequential on day 10 of 13
Japanese Yen bullish sentiment increasing near extreme zone
Yen Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Crypto
Bitcoin daily with both Sequential and Combo sell Countdown 13’s. Watching for price flip down that I expect early this week
Bitcoin bullish sentiment backed off after moving into the extreme zone on Thursday at 81%
Ethereum stalled with recent sell Setup 9 after finally waking up
Three major Yen crosses
All three have seen some weakness vs Yen yet nothing signficant
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 holding support with pending Sequential
USDMXN US Dollar / Mexican Peso with Sequential on day 7 of 13
Mexican Peso bullish sentiment remains in the extreme zone
Mexican Peso Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
USDZAR US Dollar / South African Rand on day 10 of 13 with Sequential
USDCNH US Dollar / Chinese Offshore Renminbi (Yuan) with Sequential on day 6 of 13
