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Interesting times with the US Dollar bullish sentiment remaining in the extreme bullish zone with the daily DeMark Sequential on day 12 of 13.  It will take a little more upside to trigger.  Despite this the Commitment of Traders shows large Speculators just now starting to set up long.  I didn't put Gold on this report as I had it on today's Daily Note.  (spoiler alert if you haven't read it:  A few more down days needed for the latest downside exhaustion and bullish sentiment is at 9%).  Lastly I put Bitcoin on the bottom as there was recently a downside red Countdown exhaustion that perhaps will mark a bottom of sorts.  Back in December, I highlighted the upside exhaustion at the exact top.  

US Dollar Bullish Sentiment is at 82%

Commitment of Traders report shows speculators just now starting to get long and there is a long way from being near levels seeing in the past few years

US Dollar Index remains on day 12 of 13 with the DeMark Sequential Countdown.  Keep in mind there is a green Setup on day 6 of 9 and if this completes the 9th day in a row closing above 4 previous closes then there is a possibility of another upside red Countdown beginning.  But lets see the 13 first and the reaction.  

Euro Bullish sentiment is at 39% somewhat divergent from the Euro that is near the lows.  

Commitment of Traders report shows speculators have worked down the overly bullish positioning

Euro Commitment of Traders with DeMark Indicators had a recent upside 13 with a strong reversal down

EURUSD daily is on day 10 of 13 with a downside Countdown.  Similar attributes with the green Setup with the Dollar is present

British Pound bullish sentiment is at 22% and still surpressed

A new low and on day 5 of 13 with a secondary Countdown.  With PM May under fire with her Brexit plan this could move lower with that backdrop

Yen bullish sentiment is at 16%

USDJPY daily has an upside pink Combo upside exhaustion and could see the Yen start to turn higher (inverted)

Canadian bullish sentiment is at 20%

Stuck in a range 1.30/1.33   

Swiss Franc bullish sentiment is at 24% and has given back from the recent high of 45%.  Note, I often mention the 50% level as important to move above or below to determine bias.  This is a good example

USDCHF daily is in a range .993/1.00

Australian Dollar bullish sentiment is at 30%

AUDUSD daily did not have much of a sustained reaction after the recent downside exhaustion signals and now there is a secondary downside Countdown with a wave 3 price objective of .71

New Zealand Dollar bullish sentiment is at 25%

NZDUSD daily still has a downside Countdown on day 6 of 13

USDNOK daily let's call this a range bound and mixed DeMark picture 8.21/8.0

USDSEK daily had the green upside Countdown like the USD Index on day 6 of 9.  

If there are any important crosses you would like me to add or send one off, please let me know

Mexican Peso bullish sentiment is at  55% and could go a little higher to previous levels

USDMXN daily is on day 7 of 13 with a red Countdown but had a green Setup 9 so perhaps a little give back in the Peso is ahead

USDCNH daily is the most important currency as the Yuan continues to weaken and is on day 9 of 13

USDSGD daily is on day 7 of 13 and should continue to see weakness

USDINR daily might be leveling off

USDZAR daily bouncing off 50 day and on day 6 of 13

USDRUB daily finally has another 13 but still in a range

USDTRY daily doesn't have a defined DeMark count but could consolidate back to the 50 day but it continues in the downward direction the Lira will have a lot of alarm bells going off

USDRON daily on day 11 of 13 but needs to trigger over the 8th red bar

USDCZK daily same story

USDHUF daily ditto

USDPLN daily same except this is on day 12/13

USDARS daily has not made a new low since the end of June after upside exhaustion but it might have one more dangerous push lower

EURJPY daily stopped at wave 3 price objective although there is a red Countdown on day 4 of 13

EURGBP daily with the Pound breaking to new lows this is starting to look like the Pound is in for some more pain

EURCHF daily had a big reversal today and it will be worth watching if there is continuation

EURCAD daily has a mixed picture and I can't tell with any certainty the next direction

EURAUD daily is in a range consolidating

Another big reversal today and will be important to see follow through or stabilization

CHFJPY daily  is on day 12 of 13 and should reverse soon

AUDJPY daily has reversed.  Still in this range

Bitcoin is not something I have ever traded but there was a downside red 13 recently on the bottom and a nice reversal.  From a standpoint strictly technical this could work higher.  Note back in December on the Hedge Fund Telemetry Daily Note, I highlighted the upside DeMark Sequential 13 which was the top.  

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