News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Markets Trying to Tell us Something - Looking to Buy AUDUSD

Markets Trying to Tell us Something - Looking to Buy AUDUSD

David Rodriguez, Head of Product
ssi_aud-usd_body_Picture_21.png, Markets Trying to Tell us Something - Looking to Buy AUDUSD

AUDUSD – Retail forex crowds remain heavily long the Aussie Dollar versus its US namesake—normally making us bearish. But crowds have sold aggressively and we see signs the AUDUSD could recover.

Trade Implications – AUDUSD: We’ve been caught out prematurely calling for an Australian Dollar bottom more times than we care to admit. But the sharp swing in retail sentiment suggests markets are trying to tell us something with the Australian Dollar – we favor long positions.

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

ssi_aud-usd_body_Picture_22.png, Markets Trying to Tell us Something - Looking to Buy AUDUSD

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

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES