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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 at Cusp of Reversal

Australian Dollar at Cusp of Reversal

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AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.26 as 44% of traders are long. Yesterday the ratio was -1.05; 49% of open positions were long. Long positions are 11.4% lower than yesterday and 13.3% below levels seen last week. Short positions are 6.6% higher than yesterday and 9.8% above levels seen last week. Open interest is 2.2% lower than yesterday and 0.8% 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 further net-short from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

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

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

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