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 Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3576-0.0008-0.06%
    USDSGD=X
    1.4917-0.0005-0.03%
    EURSGD=X
    1.7825+0.0014+0.08%
    GBPSGD=X
    77.4140+0.351+0.46%
    SGDJPY=X
    5.7122+0.003+0.05%
    SGDHKD=X
    2.9904+0.0002+0.01%
    SGDMYR=X
    9,664.1699-31.0098-0.32%
    SGDIDR=X
    4.9132+0.0039+0.08%
    SGDCNY=X
    1.0211+0.0014+0.14%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,318.60-2.20-0.17%
    GCQ16.CMX
    19.67-0.01-0.07%
    SIU16.CMX
    103.00+3.11+3.11%
    ^XAU
    2.230.00+0.09%
    HGU16.CMX
    42.87-0.05-0.12%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.140.00
    ^FVX
    1.56-0.01
    ^TNX
    2.28-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.515+0.020+4.04%
    5TP.SI
    0.142+0.005+3.65%
    B73.SI
    0.167+0.002+1.21%
    N21.SI
    3.050.000.00%
    F34.SI
    4.28-0.04-0.93%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.173+0.010+6.13%
    AZG.SI
    0.80+0.03+3.90%
    AGS.SI
    0.705+0.005+0.71%
    H30.SI
    0.142+0.005+3.65%
    B73.SI
    0.20+0.01+6.38%
    KJ5.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.075-26.79%
    BQN.SI
    0.35-0.05-12.50%
    AYV.SI
    0.235-0.015-6.00%
    BLW.SI
    0.325-0.005-1.52%
    42W.SI
    0.355-0.020-5.33%
    H17.SI