Forex Analysis: Trading Systems Sell US Dollar

Trading crowds continue buying the US Dollar versus the Euro, but a shift against the Australian and Canadian Dollars has led our sentiment-based strategies to buy the resurgent USD.

View individual currency sections:

EURUSD - Trading Strategies Go Long EURUSD

GBPUSD - British Pound Rallies May be Sold

USDJPY - Japanese Yen Forecast to Fall Further

USDCAD - Canadian Dollar Breakdown Should be Sold

USDCHF - Swiss Franc Forecast to Fall Further

AUDUSD - Australian Dollar Could Break Further Lows

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_5.png, Forex Analysis: Trading Systems Sell US Dollar

Our proprietary sentiment-based trading strategies continue selling the US Dollar versus the Euro (buying EURUSD), but key reversals in the AUDUSD and USDCAD suggest that we could see a more substantive shift in US Dollar trading.

Download eight years worth of SSI data via this link.

ssi_table_story_body_Picture_6.png, Forex Analysis: Trading Systems Sell US Dollar

--- 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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1720.0000.00%
    N21.SI
    0.850.00-0.58%
    Y92.SI
    0.4150.0000.00%
    5ME.SI
    0.180.00-1.10%
    40E.SI
    2.62-0.01-0.38%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.27+0.04+17.39%
    PH0.SI
    0.275+0.035+14.58%
    BLZ.SI
    0.162+0.012+8.00%
    5MQ.SI
    0.225+0.015+7.14%
    S46.SI
    0.25+0.02+6.38%
    BTM.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.10-22.73%
    AWC.SI
    0.375-0.095-20.21%
    BLL.SI
    0.09-0.01-11.76%
    BRR.SI
    0.585-0.065-10.00%
    BKB.SI
    0.63-0.07-10.00%
    AWZ.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4200-0.0046-0.33%
    USDSGD=X
    1.5248+0.0028+0.18%
    EURSGD=X
    1.7694+0.0103+0.59%
    GBPSGD=X
    79.9150-0.252-0.31%
    SGDJPY=X
    5.4616+0.0226+0.42%
    SGDHKD=X
    3.1253+0.0074+0.24%
    SGDMYR=X
    9,408.5986-28.1465-0.30%
    SGDIDR=X
    4.8267+0.0058+0.12%
    SGDCNY=X
    1.0729-0.003-0.28%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,213.00+8.10+0.67%
    GCG17.CMX
    17.17+0.14+0.84%
    SIH17.CMX
    88.68+1.12+1.28%
    ^XAU
    2.65+0.02+0.88%
    HGH17.CMX
    52.33+0.96+1.87%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.94-0.01
    ^FVX
    2.47+0.01
    ^TNX
    3.05+0.01
    ^TYX