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
    1.4131+0.0038+0.27%
    USDSGD=X
    1.5876+0.0128+0.81%
    EURSGD=X
    2.1805+0.0094+0.43%
    GBPSGD=X
    85.7017-0.5788-0.67%
    SGDJPY=X
    5.4850-0.0142-0.26%
    SGDHKD=X
    2.9706+0.0103+0.35%
    SGDMYR=X
    9,950.1104-62.3398-0.62%
    SGDIDR=X
    4.5138-0.0203-0.45%
    SGDCNY=X
    1.0093+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,133.70-0.30-0.03%
    GCZ15.CMX
    14.51-0.04-0.27%
    SIZ15.CMX
    48.82+1.99+4.24%
    ^XAU
    2.34-0.01-0.45%
    HGZ15.CMX
    44.71-0.51-1.13%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.52+0.04
    ^FVX
    2.19+0.02
    ^TNX
    2.91+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.126+0.004+3.28%
    5DN.SI
    0.310.000.00%
    5WA.SI
    0.53+0.01+1.92%
    N21.SI
    3.78-0.02-0.53%
    Z74.SI
    0.760.00-0.65%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.07+0.30+38.96%
    AXL.SI
    0.139+0.025+21.93%
    5TJ.SI
    0.745+0.095+14.62%
    AXV.SI
    0.28+0.03+12.00%
    UQ4.SI
    2.44+0.26+11.93%
    JC7.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.057-0.095-62.50%
    5MD.SI
    0.35-0.07-16.67%
    AZT.SI
    0.20-0.02-11.11%
    5FL.SI
    0.195-0.020-9.30%
    S9B.SI
    0.188-0.017-8.29%
    5WJ.SI