Here are the Sentiment indications given by the Daily Forex Indicator "Sentiment Speculative Index" for the week 8-12 June 2015.

 

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

 
forex sentiment 8 june 2015
 

EUR/USD: bullish trading bias

 
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EUR/USD - The ratio of long to short positions in the EURUSD stands at -2.26 as 31% of traders are long; long positions are 4.7% 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 short gives signal that the EUR/USD may continue higher. The trading crowd has grown further net-short from last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

 

GBP/USD: bullish trading bias

 
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GBP/USD - The ratio of long to short positions in the GBP/USD stands at -1.55 as 39% of traders are long; long positions are 8.8% below levels seen last week. Since the majority of traders are short, according to the SSI indicator the Forex pair GBP/USD may continue higher. Also, the trading crowd has grown further net-short from the last week, and the combination of current sentiment and recent changes gives a further bullish trading bias.

 

 

USD/JPY: bearish trading bias

 
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USD/JPY - 71% of traders are long, up 5.5% above levels seen last week. Short positions are 3.3% below levels seen last week. Using the SSI as a contrarian indicator, the fact that the majority of traders are long and growing gives signal that the USD/JPY may continue lower.

 

 

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