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Dollar and Yen May Have Set Major Lows - We're Watching these Levels

Dollar and Yen May Have Set Major Lows - We're Watching these Levels

David Rodriguez, Head of Product

- Retail forex traders have sold aggressively into Dollar and Yen strength

- A contrarian view of crowd sentiment warns that the EURUSD and USDJPY may have reversed

- Technical forecasts warn that major currency pairs are near critical turning points

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

View individual currency sections:

EURUSD - Euro Forecast Turns Bearish Below $1.36

GBPUSD - British Pound Set to Break to Fresh Highs

USDJPY - Japanese Yen Could Accelerate Higher

Gold - Gold Prices Set to Fall Further

SPX500 - S&P 500 Declines Gaining Traction, We See Key Risk

AUDUSD - Australian Dollar Likely to Continue Lower

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_5.png, Dollar and Yen May Have Set Major Lows - We're Watching these Levels

A major shift in forex sentiment warns that the Dollar and Yen may have set significant lows versus the Euro. These are the critical price levels we’re watching.

See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.

ssi_table_story_body_Picture_7.png, Dollar and Yen May Have Set Major Lows - We're Watching these Levelsssi_table_story_body_Picture_6.png, Dollar and Yen May Have Set Major Lows - We're Watching these Levels

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--- 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.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

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

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