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We Mostly Like Selling US Dollar, but When Would that Change?

We Mostly Like Selling US Dollar, but When Would that Change?

David Rodriguez, Head of Product

- Retail forex traders have never been more short Dollar versus Euro, Swiss Franc

- Potentially significant turn in Aussie Dollar nonetheless warns of market shift

- Dollar’s next moves critical as it may have bottomed across key counterparts

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - We Like Trading the Euro Higher

USDJPY - Looking to Trade a Potential USDJPY Breakdown

GBPUSD - Our Next Trade in British Pound Depends on Next Week

XAUUSD - Where Might we Buy Gold Prices?

USDCHF - US Dollar Looks like a Sell versus Swiss Franc

AUDUSD - Australian Dollar may have Set Tradable Top

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_5.png, We Mostly Like Selling US Dollar, but When Would that Change?

The US Dollar looks at major risk of further declines versus the Euro and Japanese Yen, but why might it have set an important bottom versus the Australian Dollar?

Our Retail FX sentiment-based strategies have done well selling into US Dollar weakness versus the Euro, Swiss Franc, British Pound, and other major currencies as the trading crowd does the opposite.

Yet our Momentum2 system has most recently bought the USD versus the Australian Dollar, and indeed we see risks of a potentially lasting Dollar turnaround at current levels. See the links above for further detail on the AUDUSD in particular and other pairs.

Follow any future updates on retail positioning via this author’s e-mail distribution list.

ssi_table_story_body_Picture_11.png, We Mostly Like Selling US Dollar, but When Would that Change?ssi_table_story_body_Picture_12.png, We Mostly Like Selling US Dollar, but When Would that Change?

Automate our SSI-based trading strategies via Mirror Trader free of charge

--- Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.