Forex Trading Sentiment Warns US Dollar Likely to Continue Higher
- 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
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View individual currency sections:
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
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.