Here are the Sentiment indications given by the Daily Forex Indicator "Sentiment Speculative Index" for the week 1-5 June 2015.

 

The SSI is a contrarian indicator, which elaborates Forex trend forecasts in the opposite direction as to the Retail Traders net positions.

 

 

EUR/USD: bullish trading bias

 
binary options eurusd
 

EUR/USD - The ratio of long to short positions in the EUR/USD stands at -1.83 as 35% of traders are long. Short positions are 65% of overall positions and further growing (213.6% above levels seen last week). We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short and that the retail traders are further growing net-short gives signal that the EUR/USD may continue higher: bullish trading bias

 

GBP/USD: bearish trading bias

 
binary options gbpusd
 

GBP/USD - 59% of traders are long and the long positions are 187.7% above levels seen last week. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

 

 

USD/CAD: bullish trading bias

 
binary forex trading
 

USD/CAD - The ratio of long to short positions in the USD/CAD stands at -1.53 as 40% of traders are long. The majority of traders are short and further growing net-short, and this gives a clear signal that the USD/CAD may continue higher: clear bullish trading bias.

 

 

EUR/CHF: bearish trading bias

 
trading binary options on eurchf
 

EUR/CHF - The trading crowd is net-long (84%) and has grown further net-long from last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

 

 

EUR/JPY: bullish trading bias

 
eurjpy binary options
 

EUR/JPY - Short positions are 65% and 152.2% above levels seen last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

 

 

S&P500: mildly bullish trading bias

 
spx500 binary options
 

SPX500 - Only 20% of traders are long, but increasing in the last days (412.2% above levels seen last week). Short positions are the great majority but the trading crowd has grown less net-short from last week. The combination of current sentiment and recent changes gives a mild bullish trading bias.

 

%d bloggers like this: