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.

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
EUR/USD
Bearish
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
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Bearish
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
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.82% Silver: 0.27% Gold: 0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/kDr5Y0tgRI
  • 🇧🇷 Business Confidence (JUL) Actual: 47.6 Previous: 41.2 https://www.dailyfx.com/economic-calendar#2020-07-10
  • High beta currencies are among the underperformers with the Pound on the back foot. Get your $GBPUSD market update from @JMcQueenFX here:https://t.co/c2wNgduMlI https://t.co/PjnbvM4w7J
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.65% FTSE 100: 0.52% France 40: 0.50% Wall Street: -0.02% US 500: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/q6ROX6VkUm
  • $Gold and $SPX have both held support at key zones thus far. End of the first full week of Q3 - next week brings on earnings season. https://t.co/19q9npaHNr https://t.co/mdBa6W9vs9
  • Join @malkudsi 's live #webinar at 10:00 AM ET / 2:00 PM GMT to learn about the basics of technical analysis and how to incorporate it into your trading . Register here: https://t.co/wFAMspwUfD https://t.co/ldxvf2AJgm
  • 🇨🇦 Average Hourly Wages YoY (JUN) Actual: 6.8% Previous: 9.96% https://www.dailyfx.com/economic-calendar#2020-07-10
  • $USDCNH | Dollar-Yuan bouncing back above 7.0 as broader bullish trend holds. Meanwhile, the US looks to move forward with federal contract bans on doing business with Chinese tech companies that pose national security risk, and now news China state funds are liquidating stocks. https://t.co/cxkjeDaWqJ
  • 🇨🇦 Full Time Employment Chg (JUN) Actual: 488.1K Previous: 219.4K https://www.dailyfx.com/economic-calendar#2020-07-10
  • 🇨🇦 Employment Change (JUN) Actual: 952.9K Expected: 700K Previous: 289.6K https://www.dailyfx.com/economic-calendar#2020-07-10
FOREX ANALYSIS: Australian Dollar Likely Topped

FOREX ANALYSIS: Australian Dollar Likely Topped

2012-11-15 15:49:00
David Rodriguez, Head of Product
Share:
ssi_gbp-jpy_body_Picture_1.png, FOREX ANALYSIS: Australian Dollar Likely Topped

AUDUSD – Retail forex traders are now net-long the Australian Dollar versus the US Dollar (ticker: USDOLLAR) for the first time in a month, and the sharp shift in retail sentiment warns that the AUDUSD may have set a significant top through recent trading.

A sharp Australian Dollar sell-off from the November high was the first signal that the AUD may have set a significant peak, and we’ve likewise seen the number of retail traders long AUDUSD surge 32 percent since the peak. A similar 28 percent tumble in the number of traders short now leaves crowds at a net-long AUD position for the first time since October.

We use our proprietary Speculative Sentiment Index data as a contrarian indicator to price action; if the majority of traders are buying, we prefer to sell. Indeed, our retail sentiment-based FX trading strategies took a AUDUSD short from $1.0378.

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

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

New to FX markets? Learn more in our video trading guide.

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

News & Analysis at your fingertips.