US Dollar May Soon Rally Sharply as Key Indicator Hits Extremes
- Retail FX trading crowd is extremely long the US Dollar across the board
- Sentiment extremes and a cyclical turn window suggests the USD will reverse higher
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail forex trading crowds have never been more long the US Dollar versus the British Pound and other currency counterparts. We see material risk of a significant Dollar turnaround.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.