Forex Analysis: Trading Crowd Shift Points to Australian Dollar Top

RELATED QUOTES

SymbolPriceChange
AUDUSD=X0.9263+0.0001

Forex trading crowds remain heavily long the US (ticker: USDOLLAR) against the Euro and British Pound, but a shift in Australian Dollar positioning warns of reversal.

View individual currency sections:

EURUSD - Euro Forecast Remains Bullish as Crowds Sell

GBPUSD - British Pound at Potential Sentiment Extreme

USDJPY - Japanese Yen Forecast Remains Bearish

USDCHF - Swiss Franc Outlook Favors Gains

USDCAD - Canadian Dollar Trading Outlook Bullish

AUDUSD - Australian Dollar Forecast to Turn Lower

ssi_table_story_1_body_Picture_5.png, Forex Analysis: Trading Crowd Shift Points to Australian Dollar Top

Our sentiment-based forex trading strategies have consistently sold the US Dollar and Japanese Yen against the Euro, British Pound, Swiss Franc, Canadian Dollar, and Australian Dollar through recent trading. Yet we’ve most recently seen those same systems take profits on USD short positions, and our “Tidal Shift” strategy has actually gone short AUDUSD from $1.0546.

It is perhaps too early to call for a larger US Dollar recovery, but important shifts in retail trading crowd positions provide early sign that the Greenback may have reversed versus the Australian Dollar and other commodity currencies.

ssi_table_story_1_body_Picture_6.png, Forex Analysis: Trading Crowd Shift Points to Australian Dollar Top

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2582+0.0001+0.01%
    USDSGD=X
    1.7403+0.0001+0.01%
    EURSGD=X
    2.11380.000.00%
    GBPSGD=X
    81.2949+0.00280.00%
    SGDJPY=X
    6.1620-0.0007-0.01%
    SGDHKD=X
    2.5981-0.0003-0.01%
    SGDMYR=X
    9,255.0342-0.9922-0.01%
    SGDIDR=X
    4.9664-0.0005-0.01%
    SGDCNY=X
    1.1655+0.0003+0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,293.70+3.10+0.24%
    GCM14.CMX
    19.64-0.05-0.24%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.120.00-0.05%
    HGK14.CMX
    101.91+0.47+0.46%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI