Traders Get it Right Again as Dollar Rallies - Why Might it Continue?

DailyFX

- Important shifts in retail forex sentiment favor continued Dollar strength

- The Euro, British Pound, Japanese Yen, Gold Prices, and the New Zealand Dollar look vulnerable

-We need to see the DJ FXCM Dollar Index breach key resistance to confirm shift

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

View individual currency sections:

EURUSD - Euro Targets Lows as Crowds Buy into Post-ECB Tumble

GBPUSD - British Pound Likely Trades Lower for These Reasons

USDJPY - Dollar Forecast to Test Fresh Multi-Year Highs versus Yen

NZDUSD - New Zealand Dollar May Have Finally Turned

GOLD - Gold Prices See no Relief in Sight as Further Lows likely

USDCHF - Swiss Franc is no Match as US Dollar takes Center Stage

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

View gallery

.
ssi_table_story_body_Picture_5.png, Traders Get it Right Again as Dollar Rallies - Why Might it Continue?

Traders got it right once more as they positioned for a Dollar bounce. Why might the Greenback continue higher versus the Euro, Sterling, JPY, Gold, and NZD?

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.

View gallery

.
ssi_table_story_body_Picture_6.png, Traders Get it Right Again as Dollar Rallies - Why Might it Continue?

ssi_table_story_body_Picture_7.png, Traders Get it Right Again as Dollar Rallies - Why Might it Continue?

Automate our SSI-based trading strategies via Mirror Trader free of charge

--- 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.
Learn forex trading with a free practice account and trading charts from FXCM.

Rates

View Comments (0)