Advertisement
Singapore markets closed
  • Straits Times Index

    3,286.41
    -6.72 (-0.20%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • Dow

    38,460.92
    -42.77 (-0.11%)
     
  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     
  • Bitcoin USD

    63,913.93
    -2,589.80 (-3.89%)
     
  • CMC Crypto 200

    1,358.71
    -23.87 (-1.73%)
     
  • FTSE 100

    8,095.75
    +55.37 (+0.69%)
     
  • Gold

    2,338.40
    0.00 (0.00%)
     
  • Crude Oil

    83.02
    +0.21 (+0.25%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • FTSE Bursa Malaysia

    1,569.80
    -1.68 (-0.11%)
     
  • Jakarta Composite Index

    7,161.24
    -13.29 (-0.19%)
     
  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

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
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.

ADVERTISEMENT

Download eight years worth of SSI data via this link.

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

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

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.