Here are the Sentiment indications given by the Daily Forex Indicator "Sentiment Speculative Index" for the week 6-10 July 2015.

 

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

 

The table shows the sentiment given by the SSI indicator on the major Forex pairs.

 
forex sentiment 6-10 july 2015
 

 

We have selected the most significant signals given by the indicator.

 

 

USD/JPY: bearish trading bias

 
forex sentiment usd-jpy 6-10 july 2015

 

USD/JPY - The ratio of long to short positions in the USDJPY stands at 1.84 as 65% of traders are long. Long positions are 12.2% above levels seen last week, whilst short positions are 10.9% below levels seen last week. According to the principles of the SSI as a contrarian indicator to price action, the fact that the majority of traders are long gives signal that the USD/JPY may continue lower. Furthermore, the trading crowd has grown more net-long since last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

 

 

AUD/USD: bearish trading bias

 
forex sentiment aud-usd 6-10 july 2015

 

 

AUD/USD - The ratio of long to short positions in the AUD/USD stands at 3.31 as 77% of traders are long. Long positions are 12.4% above levels seen last week, compared to short positions which are 30.1% below levels seen last week. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUD/USD may continue lower. 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.

 

 

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