US Dollar at Significant Risk of a Larger Breakdown

DailyFX

- Forex trading crowds buying aggressively into US Dollar weakness across the board

- The Greenback looks at special risk of larger breakdown versus the Euro, Yen, Sterling

- We’re watching the next moves crowd sentiment to gauge likelihood of bigger moves

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

View individual currency sections:

EURUSD - Euro Forecast to Test Fresh Multi-Year Highs

GBPUSD - British Pound Likely to Break to Fresh 5-Year Highs

USDJPY - Dollar at Critical Price Levels versus Japanese Yen

EURJPY - Euro Not out of the Woods versus Japanese Yen

GOLD - Gold Prices Show Signs of Life, May Recover Further

AUDUSD - Australian Dollar Rally Hits Potential Inflection Point

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

View gallery

.
ssi_table_story_body_Picture_12.png, US Dollar at Significant Risk of a Larger Breakdown

The trading crowd is buying aggressively into US Dollar weakness, and the downtrodden Greenback risks a larger breakdown versus the Euro, Yen, and GBP.

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_13.png, US Dollar at Significant Risk of a Larger Breakdown

ssi_table_story_body_Picture_5.png, US Dollar at Significant Risk of a Larger Breakdown

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


original source

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 (4)