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Forex Trading Sentiment Warns US Dollar Likely to Continue Higher

Forex Trading Sentiment Warns US Dollar Likely to Continue Higher

David Rodriguez, Head of Product

- Heavily one-sided retail forex trader sentiment warns that US Dollar may continue higher

- Watch specific risks in the EUR/USD, USD/CAD, and Gold Prices

- Why do we use retail sentiment as a contrarian indicator? View our guide and download here

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

View individual currency sections:

EURUSD - Euro Remains a Sell as Trading Crowds Buy

GBPUSD - British Pound Remains in Downtrend, but Watch Key Support

USDCAD - US Dollar Targets Multi-Year Highs versus Canadian Dollar

AUDUSD - Australian Dollar Remains Likely to Fall Further

NZDUSD - New Zealand Dollar Outlook Mixed, but Watch this Price Level

XAUUSD - Gold Price versus US Dollar Likely to Continue Lower

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Our retail FX trader data shows that the trading crowd remains short the US Dollar against most major counterparts. We see it moving higher for these reasons.

Why and how do we use the SSI in trading? View our video and download the free indicator here

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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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