Here are the Sentiment indications given by the Daily Forex Indicator "Sentiment Speculative Index" for the week 15-19 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: mildly bullish trading bias

 
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EUR/USD - 33% of traders are long, 4.5% above levels seen last week. Short positions are 0.4% below levels seen last week. The SSI is a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EUR/USD may continue higher. The trading crowd has grown less net-short from last week. The fact that crowds remain net-short gives us a steadily bullish trading bias.

 

 

GBP/JPY: bullish trading bias

 
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GBP/JPY - 32% of traders are long. Yesterday the ratio was -2.12; 32% of open positions were long. Long positions are 15.0% below levels seen last week. With the majority of traders on the short side and further growing net-short, the SSI gives a bullish signal on the GBP/JPY.

 

 

AUD/USD: bearish trading bias

 
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AUD/USD - The ratio of long to short positions in the AUD/USD stands at 2.29 as 70% of traders are long. Long positions are 1.6% above levels seen last week. Short positions are 3.0% lower than yesterday and 18.3% below levels seen last week. 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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