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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 Poised for Further Losses

Australian Dollar Poised for Further Losses

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AUDUSD The ratio of long to short positions in the AUDUSD stands at 1.69 as 63% of traders are long. Yesterday the ratio was 1.45; 59% of open positions were long. Long positions are 15.6% higher than yesterday and 5.4% below levels seen last week. Short positions are 0.5% lower than yesterday and 30.6% above levels seen last week. Open interest is 9.1% higher than yesterday and 29.3% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUDUSD may continue lower. The trading crowd has grown further net-long from yesterday but moderated since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

See next currency section:NZDUSD - New Zealand Dollar Forecast to Fall Further

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

Australian Dollar Poised for Further Losses

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