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
    1.3827+0.0013+0.09%
    USDSGD=X
    1.5402+0.0013+0.08%
    EURSGD=X
    2.0198-0.0004-0.02%
    GBPSGD=X
    79.6623+0.0546+0.07%
    SGDJPY=X
    5.6173-0.0065-0.11%
    SGDHKD=X
    2.9795+0.0068+0.23%
    SGDMYR=X
    9,890.4307+14.5781+0.15%
    SGDIDR=X
    4.7428-0.0025-0.05%
    SGDCNY=X
    0.9923-0.0004-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,229.200.000.00%
    GCM16.CMX
    16.27+0.02+0.10%
    SIN16.CMX
    80.15-4.94-5.81%
    ^XAU
    2.08+0.02+0.73%
    HGN16.CMX
    49.18+0.56+1.15%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.40+0.02
    ^FVX
    1.86+0.02
    ^TNX
    2.64+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.310.00+1.64%
    N21.SI
    3.87+0.06+1.57%
    Z74.SI
    0.800.00+0.63%
    QC7.SI
    0.370.00+1.37%
    E5H.SI
    0.72+0.01+1.41%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.24+0.20+18.66%
    C76.SI
    0.95+0.01+1.06%
    BCY.SI
    0.535-0.005-0.93%
    42R.SI
    21.85-0.05-0.23%
    G07.SI
    0.178+0.001+0.56%
    AFC.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    2.400.000.00%
    P34.SI
    1.395-0.085-5.74%
    M04.SI
    0.355-0.005-1.39%
    42E.SI
    2.18-0.02-0.91%
    H13.SI
    0.52+0.01+1.96%
    5CP.SI