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
    1.3484-0.0018-0.14%
    USDSGD=X
    1.4717+0.0034+0.23%
    EURSGD=X
    2.0793+0.0022+0.10%
    GBPSGD=X
    91.2302+0.077+0.08%
    SGDJPY=X
    5.7492+0.0079+0.14%
    SGDHKD=X
    2.6964+0.0011+0.04%
    SGDMYR=X
    9,785.8896-14.1484-0.14%
    SGDIDR=X
    4.6010+0.0064+0.14%
    SGDCNY=X
    1.0450+0.0004+0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,188.00+1.10+0.09%
    GCM15.CMX
    16.74-0.01-0.07%
    SIN15.CMX
    68.69-2.56-3.59%
    ^XAU
    2.79+0.01+0.27%
    HGN15.CMX
    58.81+0.78+1.34%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.52-0.04
    ^FVX
    2.14-0.08
    ^TNX
    2.89-0.09
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.705+0.005+0.71%
    Q1P.SI
    0.295+0.005+1.72%
    5WA.SI
    0.81-0.01-1.82%
    N21.SI
    0.345+0.015+4.55%
    AFC.SI
    0.915-0.005-0.54%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.25+0.24+23.15%
    AYO.SI
    0.191+0.033+20.89%
    GJ8.SI
    0.30+0.05+17.65%
    AYE.SI
    0.149+0.014+10.37%
    L10.SI
    0.15+0.01+7.14%
    5MD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.19-0.06-24.00%
    41H.SI
    1.295-0.235-15.36%
    AYN.SI
    1.49-0.29-16.29%
    AYB.SI
    0.119-0.019-13.77%
    5IF.SI
    0.375-0.040-9.64%
    AWK.SI