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US Dollar at Major Turning Point as Sentiment Indicator at Extremes

US Dollar at Major Turning Point as Sentiment Indicator at Extremes

2014-02-27 16:05:00
David Rodriguez, Head of Product
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- Retail FX trading crowd remains extremely long US Dollar across the board

- We think the Greenback is coiling up for its next major move higher

- Our focus remains on Dollar vs. Europe as positioning especially stretched

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 Continues Coiling up for Next Big Move

GOLD - Gold Prices Poised for Test of Key Price Ceiling

SPX500 - S&P 500 Rallies Look Safe For Now

USDCHF - Swiss Franc Reversal in Place

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_18.png, US Dollar at Major Turning Point as Sentiment Indicator at Extremes

Forex trading crowds remain extremely long the US Dollar versus the Euro and other majors. These factors would confirm a major turn higher for the US currency.

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 at Major Turning Point as Sentiment Indicator at Extremesssi_table_story_body_Picture_5.png, US Dollar at Major Turning Point as Sentiment Indicator at 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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