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
    1.3565-0.0007-0.05%
    USDSGD=X
    1.5206+0.001+0.06%
    EURSGD=X
    2.0923+0.001+0.05%
    GBPSGD=X
    87.9031-0.0725-0.08%
    SGDJPY=X
    5.7172+0.0034+0.06%
    SGDHKD=X
    2.6533-0.0006-0.02%
    SGDMYR=X
    9,476.2461-2.8516-0.03%
    SGDIDR=X
    4.6120+0.0018+0.04%
    SGDCNY=X
    1.0599+0.0015+0.14%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,210.80+0.70+0.06%
    GCJ15.CMX
    16.66+0.03+0.19%
    SIK15.CMX
    75.84+0.44+0.59%
    ^XAU
    2.690.00-0.11%
    HGK15.CMX
    48.87+0.70+1.45%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.53+0.06
    ^FVX
    2.02+0.05
    ^TNX
    2.61+0.04
    ^TYX

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