Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
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.


British Pound Shows Signs of Life on Key Reversal Signals

British Pound Shows Signs of Life on Key Reversal Signals

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

GBPUSD The British Pound is finally showing signs of turnaround as a key reversal price pattern and shift in sentiment points to further short-term gains.

Trade Implications – GBPUSD: Last week we cited extremely one-sided retail FX trader positioning as a key reason the Sterling would continue lower—open long positions outnumbered those short by 2 to 1. Yet long positions have tumbled by nearly 30 percent while short positions are barely changed.

It is clearly early, but a noteworthy reversal pattern and a shift in sentiment suggests the GBP could bounce further through near-term trading.

See next currency section:USDJPY - Japanese Yen Remains in Control versus US Dollar

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

British Pound Shows Signs of Life on Key Reversal Signals

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

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX



Latest Topics in the DailyFX Forums

EURUSD
by ForexFrontier
Today at 14:04
EURUSD
by tapereader
Today at 13:36
EURUSD
by coolpartner
Today at 13:27
EURUSD
by pristinetrading
Today at 13:22

Resources