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
    0.108+0.005+4.85%
    43E.SI
    3.97+0.01+0.25%
    Z74.SI
    0.102+0.001+0.99%
    40E.SI
    0.137-0.001-0.72%
    N21.SI
    0.122+0.002+1.67%
    A50.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.53+0.03+6.00%
    BFK.SI
    0.72+0.04+5.11%
    AVM.SI
    2.53+0.12+4.98%
    U04.SI
    0.108+0.005+4.85%
    43E.SI
    0.61+0.03+4.27%
    5UJ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.055-21.15%
    40D.SI
    0.151-0.039-20.53%
    BGO.SI
    0.39-0.08-16.13%
    K1Q.SI
    0.64-0.10-13.51%
    5VJ.SI
    0.59-0.03-4.07%
    BMH.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3612+0.001+0.07%
    USDSGD=X
    1.5308+0.0005+0.03%
    EURSGD=X
    1.7663+0.0035+0.20%
    GBPSGD=X
    74.0270+0.303+0.41%
    SGDJPY=X
    5.6957-0.0036-0.06%
    SGDHKD=X
    3.0346+0.0004+0.01%
    SGDMYR=X
    9,570.4951-8.3271-0.09%
    SGDIDR=X
    4.8988-0.003-0.06%
    SGDCNY=X
    1.0404+0.0018+0.17%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,342.30-1.80-0.13%
    GCZ16.CMX
    19.57-0.03-0.16%
    SIZ16.CMX
    94.45-1.31-1.37%
    ^XAU
    2.18-0.02-0.73%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.13-0.03
    ^FVX
    1.59-0.03
    ^TNX
    2.33-0.01
    ^TYX