Binary trading and Forex Sentiment: the SSI indicator for the week 29 June – 3 July 2015

binary forex trading usd/jpy 29062015

 

Here are the Sentiment indications given by the Daily Forex Indicator "Sentiment Speculative Index" for the week 29 June - 3 July 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 29 june 2015
 

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

 

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

 

 

AUD/USD: bearish trading bias

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AUD/USD - 67% of traders are long, with the long positions increasing from the levels of last week. The fact that the majority of traders are long gives a bearish signal on the AUD/USD and the fact that the trading crowd has grown further net-long from last week makes the bearish signal even stronger.

 

 

GBP/JPY: bullish trading bias

 
binary forex trading gbp/jpy 29062015

 

GBP/JPY - The majority of the retail traders are short (72%), and up from last week. Using the SSI as a contrarian indicator to price action we have a clear bullish sentiment on the pair GBP/JPY.

 

 

USD/JPY: moderate bearish trading bias

 
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USD/JPY - 59% of traders are long, slightly decreasing from last week. The fact that the majority of traders are long gives signal that the USD/JPY may continue lower. The trading crowd has grown less net-long from last week and this lowers the significance of the signal.

 

 

NZD/USD: moderate bearish trading bias

 
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NZD/USD - 73% of traders are long but decreasing from last week as long positions are 10.3% above levels seen last week against the growth of 15.8% of the short positions. Based on these two elements, the SSI indicator gives a moderate bearish signal on the pair NZD/USD.

Binary trading and Forex Sentiment: the SSI indicator for the week 15-19 June 2015

forex binary trading eur/usd

 

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

 
forex binary trading eur/usd
 

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.

 

 

Binary trading and Forex Sentiment: the SSI indicator for the week 8-12 June 2015

forex binary trading eur/usd 04062015

 

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.

 

 

Binary trading and Forex Sentiment: the SSI indicator for the week 1-5 June 2015

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Here are the Sentiment indications given by the Daily Forex Indicator "Sentiment Speculative Index" for the week 1-5 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: bullish trading bias

 
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EUR/USD - The ratio of long to short positions in the EUR/USD stands at -1.83 as 35% of traders are long. Short positions are 65% of overall positions and further growing (213.6% above 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 and that the retail traders are further growing net-short gives signal that the EUR/USD may continue higher: bullish trading bias

 

GBP/USD: bearish trading bias

 
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GBP/USD - 59% of traders are long and the long positions are 187.7% above levels seen last week. 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.

 

 

USD/CAD: bullish trading bias

 
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USD/CAD - The ratio of long to short positions in the USD/CAD stands at -1.53 as 40% of traders are long. The majority of traders are short and further growing net-short, and this gives a clear signal that the USD/CAD may continue higher: clear bullish trading bias.

 

 

EUR/CHF: bearish trading bias

 
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EUR/CHF - The trading crowd is net-long (84%) and has grown further net-long from last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

 

 

EUR/JPY: bullish trading bias

 
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EUR/JPY - Short positions are 65% and 152.2% above levels seen last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

 

 

S&P500: mildly bullish trading bias

 
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SPX500 - Only 20% of traders are long, but increasing in the last days (412.2% above levels seen last week). Short positions are the great majority but the trading crowd has grown less net-short from last week. The combination of current sentiment and recent changes gives a mild bullish trading bias.

 

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

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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.