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DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.


Australian Dollar Fails to Rally Above Key Resistance

Australian Dollar Fails to Rally Above Key Resistance

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AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.03 as 49% of traders are long. Yesterday the ratio was -1.33; 43% of open positions were long. Long positions are 10.4% higher than yesterday and 12.0% above levels seen last week. Short positions are 14.0% lower than yesterday and 3.6% below levels seen last week. Open interest is 3.5% lower than yesterday and 4.1% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the AUDUSD may continue higher. The trading crowd has grown less net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

See next currency section:NZDUSD - New Zealand Dollar Stumbles, Forecast Unclear

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

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