US Dollar Forecast to Fall Further Against Euro, Japanese Yen
Increasingly one-sided forex crowd sentiment suggests that the US Dollar may continue to slip against major counterparts. Traders have aggressively bought the US currency against the resurgent Japanese Yen, and long interest outnumbers short interest by a whopping 6 to 1. In the past such one-sided buying has often led further declines, and 3 of our 6 algorithmic trading strategies are accordingly short the USDJPY through time of writing. Said systems are likewise short the US Dollar against the British Pound, and the Greenback could continue to slip on one-sided forex crowd sentiment.
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