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
Mixed
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
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
USD/JPY
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
Gold
Mixed
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
Bullish
Bitcoin
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
More View more
Real Time News
  • ECB's Guindos: -ECB has not exhausted options, can do more if needed -ECB has to pay more attention to 'side effects' of policy actions -Recession unlikely but prolonged phase of low growth a threat -Inflation expectations have not become de-anchored $EUR
  • US Vice President Mike Pence's Chief of Staff Marc Short: -China must peacefully resolve protests -Trump recognizes China is a global power
  • US VP Pence Aide Short says they are hopeful that USMCA will come to fruition this year $CAD, $MXN
  • UK Election Poll (Survation) - Conservatives 35% (+1) - Labour 29% (+3), - Liberal Democrats 17% (-2) - Brexit Party 10% (-2)
  • US Dollar Returns to Resistance: USD Trade or Fade, AUD/USD, GBP/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2019/11/12/us-dollar-returns-to-resistance-usd-trade-or-fade-gbpusd-audusd-js55.html $USD https://t.co/wMa2zA4PzV
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.50%, while traders in France 40 are at opposite extremes with 81.84%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6BdF4IfhdI
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: -0.05% 🇯🇵JPY: -0.10% 🇨🇦CAD: -0.10% 🇪🇺EUR: -0.17% 🇨🇭CHF: -0.19% 🇳🇿NZD: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/arLwVeemLR
  • POTUS on US economy and markets ahead of ECONY speech today ~17:00 GMT, expected to discuss trade and China tariffs https://t.co/I53mteo3vX
  • RT @MarketWatch: Treasury yields inch higher ahead of Trump speech https://t.co/cKBZVynjd9
  • Geopolitical developments send #oil prices soaring or falling. Get your market update from @MartinSEssex here:https://t.co/XVXLyG8vjq #OOTT https://t.co/0l2DckBD24
FOREX ANALYSIS: Australian Dollar Likely Topped

FOREX ANALYSIS: Australian Dollar Likely Topped

2012-11-15 15:49:00
David Rodriguez, Head of Business Development
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.