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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.


We Favor Selling Australian Dollar until this Changes

We Favor Selling Australian Dollar until this Changes

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

AUDUSD Retail FX traders remain aggressively long the Australian Dollar versus the US Dollar, and until this changes we will continue to favor selling any near-term AUD bounces.

Trade Implications – AUDUSD:Our retail FX trader sample shows there are currently 2.3 long positions for every short position—nearly 70 percent of open interest. Such impressively one-sided sentiment often occurs at or near important market turning points, but until we see concrete signs of reversal we see little reason to call for a meaningful Australian Dollar bounce. Indeed, our trading bias remains to sell any near-term bounces.

See next currency section:NZDUSD - New Zealand Dollar Reversal is Short-Lived

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

We Favor Selling Australian Dollar until this Changes

Automate our SSI-based trading strategies via Mirror Trader free of charge

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