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.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • Conservative Party secure majority after winning 326th seat - Sky News
  • En español: La libra esterlina festeja la victoria electoral de Boris Johnson; $GBPUSD estalla al alza y marca un nuevo máximo anual #trading #forex #brexit #GE19 👉Los detalles aquí 👉👉https://t.co/Oyu9WBNeWL https://t.co/i9YL9D85hg
  • After a dismal week for the $USD, SGD, PHP, IDR and MYR turn their focus to the Federal Reserve. USD/PHP is also awaiting the BSP rate decision as USD/INR eyes Indian CPI data.Get your market update from @ddubrovskyFX here:https://t.co/hA2QjnL2kU https://t.co/f5jVxH0aHc
  • EUR/USD Technical Analysis: Euro Pop Failing at Range Top? - https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2019/12/13/EURUSD-Technical-Analysis-Euro-Pop-Failing-at-Range-Top.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #EURUSD #technicalanalysis https://t.co/dZ9GSciOh3
  • 🇯🇵 JPY Industrial Production (YoY) (OCT F), Actual: -7.7% Expected: N/A Previous: -7.4% https://www.dailyfx.com/economic-calendar#2019-12-13
  • Heads Up:🇯🇵 JPY Industrial Production (YoY) (OCT F) due at 04:30 GMT (15min), Actual: N/A Expected: N/A Previous: -7.4% https://www.dailyfx.com/economic-calendar#2019-12-13
  • #Euro area stocks may be preparing to break the four-month uptrend built around hopes for a US-China trade deal and an orderly #Brexit outcome. Get your market update from @IlyaSpivak here: https://t.co/ujlCJiXLvh https://t.co/vKhjtd86RV
  • SNP is feeling pretty good tonight. #indyref2 is coming. Just a matter of when. #indyref2020? #Brexit #UKElection #UKelection2019 https://t.co/WYmQK84Mfd
  • RT @IGSquawk: Jo Swinson loses her seat to the SNP by 149 votes. #UKElection
  • RT @bbclaurak: Separately SNP sources believe they have beaten Jo Swinson - tonight may have claimed Lib Dem Leader, DUP Westmin leader, an…
Australian Dollar May Have Set Important Top

Australian Dollar May Have Set Important Top

2014-07-02 15:10:00
David Rodriguez, Head of Business Development
Share:
Australian Dollar May Have Set Important Top

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

AUDUSDThe Australian Dollar trades near 8-month highs and yet retail FX positions remain relatively neutral. An important disconnect clouds outlook, but one-sided futures positioning acts as clear warning.

Trade Implications – AUDUSD: Our proprietary sentiment data shows that traders have mostly been selling into recent Aussie Dollar gains, but a jump in buying since yesterday actually leaves them modestly net-long. A further build in crowd buying would act as contrarian signal that the AUDUSD may have set an important top near the $0.9500 mark. These are the technical levels we’re watching going forward.

See next currency section: GOLD - Gold Prices Could Continue Higher

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

Australian Dollar May Have Set Important Top

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

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

DISCLOSURES

News & Analysis at your fingertips.