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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 Remains a Sell until this Changes

Australian Dollar Remains a Sell until this Changes

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AUDUSD The Australian Dollar breakdown looks like the real deal, and a substantial shift in sentiment favors continued AUDUSD weakness.

Trade Implications – AUDUSD:There are now more than two retail traders long the Australian Dollar for every one that is long; net positions are at their most extreme since June. In that instance, one-sided sentiment coincided with an important AUDUSD low. We can’t rule out similar at this point—particularly as the US Dollar looks at risk versus the Euro and GBP. Yet until crowds switch direction, we’ll remain in favor of further AUD declines.

See next currency section: GBPJPY - British Pound Could Hit Further Highs versus Japanese Yen

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

Australian Dollar Remains a Sell until this Changes

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