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US Dollar Poised to Hit Fresh Peaks as our Data Calls the Turn

US Dollar Poised to Hit Fresh Peaks as our Data Calls the Turn

2014-03-27 14:15:00
David Rodriguez, Head of Product
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- Retail forex traders remain long the US currency, but a substantial shift accurately called for reversal

- We see technical evidence that the Dollar is setting up for much larger move higher

- Next moves in the Buck could prove pivotal, and we’re watching our FX trader sentiment data

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

View individual currency sections:

EURUSD - Euro Likely in Major Reversal, but Pace of Losses May Slow

GBPUSD - British Pound May Continue to Gain for this Reason

USDJPY - Dollar at Risk of Breakdown versus Japanese Yen

NZDUSD - New Zealand Dollar Defies Expectations and Flies Higher

GOLD - Gold Price Tumbles Point to Broader US Dollar Reversal

USDCHF - Swiss Franc Likely to Fall Further versus US Dollar

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_18.png, US Dollar Poised to Hit Fresh Peaks as our Data Calls the Turn

A substantial shift in forex trader sentiment accurately called for a US Dollar reversal versus the Euro and other counterparts. What’s next?

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 Poised to Hit Fresh Peaks as our Data Calls the Turnssi_table_story_body_Picture_5.png, US Dollar Poised to Hit Fresh Peaks as our Data Calls the Turn

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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.

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