EURUSD 1.40771 -2.52 28% Bullish
GBPUSD 2.02016 -1.09 48% Bullish
USDJPY 115.533 1.49 60% Bearish
USDCHF 1.17292 2.48 71% Bearish
USDCAD 1.00041 4.82 83% Bearish

EURUSD - 72% of retail traders are short EURUSD (long to short ratio is -2.53). Moreover, since last week, retail has been aggressively selling EURUSD (short positions are up by 6.6%). In the past, when retail was short and selling more, the EURUSD has rallied in the following days. The SSI gives us a STRONG SIGNAL TO BUY EURUSD.

GBPUSD - 52% of retail traders are short GBPUSD (long to short ratio is -1.09). . Last week, the ratio was at 1.37 as 58% of open positions were longMoreover, since last week, retail has been aggressively selling GBPUSD (short positions are up by 36.4%). In the past, when retail was short and selling more, the GBPUSD has rallied in the following days. The SSI gives us a STRONG SIGNAL TO BUY GBPUSD.

USDJPY - 60% of retail traders are long USDJPY (long to short ratio is 1.49). Moreover, since last week, retail has been aggressively buying USDJPY (long positions are up by 13.0%). In the past, when retail was long and buying more, the USDJPY has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL USDJPY.

USDCHF - 71% of retail traders are long USDCHF (long to short ratio is 2.48). Moreover, since last week, retail has been aggressively buying USDCHF (long positions are up by 44.6%). In the past, when retail was long and buying more, the USDCHF has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL USDCHF.

USDCAD - 83% of retail traders are long USDCAD (long to short ratio is 4.82). However, since last week, retail has been selling the USDCAD (short positions are up by 8.3%). When retail is long but reduces its exposure, the long term direction remains bearish but the market might have some upside in the short term. The SSI gives us a MEDIUM SIGNAL TO SELL USDCAD.



Source: FXCM Dealing Desk

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