Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Swiss Franc – Retail FX trading crowds are at their most long the US Dollar versus the Swiss Franc on record, and we see important risk of a price and sentiment extreme.
Trade Implications – USDCHF: Our data shows that crowds are often their most long at price lows, but major turning points are only visible in hindsight. Our purely sentiment-based Momentum2 strategy has already gone long from SFr 0.8919. We’ll need to see the USDCHF clear important resistance at SFr 0.8940 to confirm the reversal.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Automate our SSI-based trading strategies via Mirror Trader free of charge
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 https://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX