Binary trading and Forex Sentiment: the SSI indicator for the week 25-29 May 2015


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


For the coming week 25-29 May 2015 the only clear signal is on the NZD/USD, while on the other Forex pairs covered by the SSI the signals are either weak or neutral.


To use at best the information from the SSI indicator for your binary trading, take advantage of the trading systems for binary options created by professional binary traders, specifically designed to exploit charts breakouts.



New Zealand Dollar likely to rise

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NZD/USD - The trading crowd has flipped from net-long to net-short from last week, as the long-positions went from 61% to 47%. The combination of current sentiment and the recent change give a clear bullish trading mood on this pair.



Neutral outlook on EUR/USD

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EUR/USD - The ratio of long to short positions in the EUR/USD is at -1.35, meaning that 43% of traders are long, compared to 31% of last week. At the same time the short positions have decreased 26.4% since last week.
We use our SSI as a contrarian indicator; the majority of traders being short is a signal that the pair EUR/USD may continue higher, but at the same time the trading crowd has grown less net-short from last week and this gives us a mixed trading mood.



Neutral outlook also on GBP/USD

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GBP/USD - The ratio of long to short positions in the GBP/USD stands at 1.03 as 51% of traders are long, as opposed to 39% of last week. The majority of traders is still long, giving us a bearish signal on the GBP/USD, but on the other side retail traders have grown less net-long since last week, and this combination of current sentiment and recent changes give a mixed trading bias.