Forex trading crowds have aggressively sold the Japanese Yen and US Dollar against the British Pound and Australian Dollar. Our sentiment-based strategies will continue to do the opposite.
View individual currency sections:
EURUSD – Euro Breakdown in Doubt as Crowds Lack Conviction
GBPUSD – British Pound Likely to Hit Fresh Lows
USDJPY – Japanese Yen Reversal Well Underway
XAUUSD – Gold Prices Seem Unlikely to Hold Lows
SPX500 – SPX500 May Retest Highs as Crowds Sell
AUDUSD – Australian Dollar Targets Further Lows
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail forex speculators have aggressively sold the Japanese Yen and US Dollar against the Australian Dollar and British Pound. When everyone goes in one direction, we most often prefer going the opposite way.
Indeed, our breakout-based and trend-following strategies have recently done well going against the crowd through recent market conditions. And though past performance is not indicative of future results, current market conditions have historically coincided with similar outperformance in said systems.
Download eight years’ worth of SSI data via this link.
Trade with the purely SSI-based Momentum1 strategy: article, webinar recording
Automate our sentiment-based Momentum2 system: article, webinar recording
Automate the our high-volatility sentiment trading Breakout2 strategy: article and webinar recording.
— Written by David Rodrigue , Quantitative Strategist for DailyFX.com
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Sentiment Favors Aussie & GBP Weakness, USD and Yen Strength
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