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 May Have Set a Significant Low versus Dollar

British Pound May Have Set a Significant Low versus Dollar

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

GBPUSD The British Pound trades in an exceedingly choppy range versus the US Dollar, but a recent shift in crowd sentiment warns the GBPUSD may soon trade higher.

Trade Implications – GBPUSD: Our retail FX trader positioning data shows the majority of traders turned long GBPUSD as it traded below $1.6900 and remained so until only two days ago. The sharp shift warns that the Sterling may have set a lasting low and may soon trade higher. Yet we will need to see a more sustained shift towards crowd selling to feel further conviction in our calls for GBPUSD strength.

See next currency section:USDJPY - US Dollar Likely to Hit Fresh Highs versus Yen

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

British Pound May Have Set a Significant Low versus Dollar

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

GBP and JPY Pairs
by JerryPan
Today at 13:38
GBP and JPY Pairs
by Lukman Otunuga
Today at 13:33
GBP and JPY Pairs
by JerryPan
Today at 13:12
GBP and JPY Pairs
by sratansi
Today at 13:04

Resources