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
    0.230.000.00%
    N21.SI
    2.64-0.10-3.65%
    MC0.SI
    0.28+0.01+3.70%
    PH0.SI
    0.3850.0000.00%
    E5H.SI
    3.62-0.03-0.82%
    C31.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.34+0.05+17.24%
    PA3.SI
    0.205+0.025+13.89%
    1A4.SI
    0.135+0.014+11.57%
    5IG.SI
    0.20+0.02+8.70%
    BJD.SI
    0.50+0.04+8.70%
    BNE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.50-0.10-16.67%
    BQP.SI
    0.31-0.03-8.82%
    BPF.SI
    0.14-0.01-8.50%
    5FL.SI
    0.60-0.05-8.40%
    AWC.SI
    1.12-0.10-8.20%
    NC9.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4034-0.0007-0.05%
    USDSGD=X
    1.4862-0.0001-0.01%
    EURSGD=X
    1.7459-0.0001-0.01%
    GBPSGD=X
    80.1260-0.097-0.12%
    SGDJPY=X
    5.5281+0.0026+0.05%
    SGDHKD=X
    3.1684+0.0074+0.23%
    SGDMYR=X
    9,502.8770-1.1465-0.01%
    SGDIDR=X
    4.8928+0.0025+0.05%
    SGDCNY=X
    1.0787+0.0012+0.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,254.00-4.80-0.38%
    GCJ17.CMX
    18.35-0.06-0.34%
    SIK17.CMX
    84.47-4.15-4.69%
    ^XAU
    2.690.00-0.17%
    HGK17.CMX
    54.21+0.16+0.30%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    -1.80
    ^FVX
    -2.32
    ^TNX
    -2.95
    ^TYX