Euro Breakdown the Real Deal as Dollar Surges, Crowds Sell
View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Our proprietary sentiment-based trading strategies have continued selling the Euro, British Pound, Australian Dollar, and Swiss Franc versus the resurgent US Dollar. Clearly one-sided retail crowd sentiment leaves us in favor of further USD gains.
A sharp jump in forex market volatility likewise suggests that our trend-following and breakout-friendly trading strategies can continue to do well as they go against crowd positioning. The Greenback looks well-positioned to continue higher against all except arguably the Japanese Yen.
Download eight years’ worth of SSI data via this link.
--- 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.