The SSI is a contrarian indicator issued by Daily Forex to identify the most probable trend in Forex trading for a given Forex pair.

 

EUR/USD

The ratio of long to short positions in the EUR/USD stands at -2.13, which means that 32% of traders are long.

 

The fact that the majority of traders are short gives signal that the EURUSD may continue higher. The trading crowd has grown less net-short from yesterday and last week.

 

The combination of current sentiment and recent changes gives a further bearish trading bias.

 
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USD/JPY

The ratio of long to short positions in the USD/JPY stands at 2.26 as 69% of traders are long. Long positions are 11.7% below levels seen last week. The majority of traders are long and this is a signal that the USD/JPY may continue lower.

 
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GBP/JPY

The ratio of long to short positions in the GBP/JPY stands at -1.51 as 40% of traders are long. Long positions are 33.2% below levels seen last week. The majority of traders are short giving us the signal that the GBP/JPY may continue higher.

 

The trading crowd has grown further net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

 
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Speedlines, trading system for binary option trading

 

To use at best the information from the SSI indicator for your binary trading, you can use Speedlines, trading system for 5-minutes binary options.

 

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