- Despite the strong equity rally last week, currencies had muted response
- US Dollar reversal up with main crosses remain in play with the signals
- Crypto rally stalled after some new DeMark sell Countdown 13’s
- New Yuan Sequential 13 worth watching
Currency Markets
Weekly overview of Currency and Commodity Markets published on Sunday. Includes occasional intraweek updates, DeMark analysis, Sentiment analysis, Commitment of Traders analysis and more.
Currency Weekly January 22, 2023
- US Dollar bullish sentiment remains oversold with recent DeMark exhaustion signals in play, lacking a response
- Crypto has had a very strong move and could see DeMark exhaustion signals this week
Currency Weekly January 16, 2023
- The big story was the re-emergence of crypto, which I believed was possible
- Crypto still has a DeMark Countdown in progress however the RSI is crazy overbought
- The US Dollar and some important crosses did get more exhaustion signals
- This could be an important week with the BoJ meeting
Currency Weekly January 8, 2023
- The US dollar declined hard on Friday on a clear risk on type of day
- I’m still watching for some Dollar crosses to get DeMark Sequential Countdown 13s and possibly Combo 13s
- Crypto has been trading sideways and could get DeMark Setup 9’s on Monday
Currency Weekly January 4, 2023
- The US Dollar has had a very good pullback after upside DeMark exhaustion signals
- Now there are some DeMark exhaustion signals that are starting to trigger and some nearing
- Crypto remains in the nothing to do category
Currency Weekly December 26, 2022
- The US Dollar decline that started several months ago continues, albeit recent action has been sideways.
- The Dollar and other crosses have daily time frames DeMark Sequential Countdown’s getting late into the Countdown 13
- Crypto remains in a sideways “Waiting for the next shoe to drop” pattern