Sentiment Favors Aussie & GBP Weakness, USD and Yen Strength
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XAUUSD - Gold Prices Seem Unlikely to Hold Lows
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail forex speculators have aggressively sold the Japanese Yen and US Dollar against the Australian Dollar and British Pound. When everyone goes in one direction, we most often prefer going the opposite way.
Indeed, our breakout-based and trend-following strategies have recently done well going against the crowd through recent market conditions. And though past performance is not indicative of future results, current market conditions have historically coincided with similar outperformance in said systems.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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