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US Dollar May Soon Rally Sharply as Key Indicator Hits Extremes

US Dollar May Soon Rally Sharply as Key Indicator Hits Extremes

2014-02-20 16:10:00
David Rodriguez, Head of Product
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- 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

- Dollar reversal risk especially high in the GBP/USD, EUR/USD, and USD/CHF exchange rates

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

View individual currency sections:

EURUSD - Euro at Important Danger of Declines

GBPUSD - British Pound May Have Set Important Highs

USDJPY - Japanese Yen Forecast May Finally become Clear

GOLD - Gold May Continue to Outperform Unless this Changes

SPX500 - S&P 500 Looks Set to Test Fresh Peaks

USDCHF - Swiss Franc at Potentially Substantial Turning Point

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_18.png, US Dollar May Soon Rally Sharply as Key Indicator Hits Extremes

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.

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_19.png, US Dollar May Soon Rally Sharply as Key Indicator Hits Extremes ssi_table_story_body_Picture_5.png, US Dollar May Soon Rally Sharply as Key Indicator Hits Extremes

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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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