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
Oil - US Crude
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
More View more
British Pound Forecast Gets Downgraded - Watch for Declines

British Pound Forecast Gets Downgraded - Watch for Declines

David Rodriguez, Head of Product
ssi_gbp-usd_body_Picture_13.png, British Pound Forecast Gets Downgraded - Watch for Declines

GBPUSD – A massive shift seen in retail forex trading crowd sentiment leaves us firmly in favor of further GBPUSD declines.

Trade Implications – GBPUSD: Our Momentum2/”Tidal Shift” strategy most recently sold GBPUSD from $1.5377, and I think the position makes sense as high volatility expectations leave scope for further US Dollar strength.

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

ssi_gbp-usd_body_1a_1.png, British Pound Forecast Gets Downgraded - Watch for Declines

Download all of our Sentiment-based trading strategies free via an ongoing promo on FXCMApps.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.

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