Thread: Discuss the AUD/USD, NZD/USD , USD/CAD and more

moved the stop to under 1.0650 and target to 1.0690

Please can anyone share which direction the Aussie is likely to take today. Thanks

Originally Posted by berich

Please can anyone share which direction the Aussie is likely to take today. Thanks

possible heading to 1 2 3 as my picture acttached

Originally Posted by berich

Please can anyone share which direction the Aussie is likely to take today. Thanks

You should look through all the recent posts and then do your own analysis - AUD/USD is a tricky one at the moment and as you will see there are differing ideas as to where she's headed.

Originally Posted by fahmy313

moved the stop to under 1.0650 and target to 1.0690

Well done mate. I like your style.

Originally Posted by sman1109

Why are pairs moving together now is trading becoming harder than when you first started?

Hello sman1109! Thanks for the great questions, that is what the forums are all about so "pick my brain" that is how you become better!
Like other professional traders, my skills have gotten considerably better over time, however the market has become more challenging which requires more skill. So growth and learning is continuous in order to adapt to the ever changing market conditions. The average daily range of the Euro was 76 pips when I started trading. Now the average daily range is 150-200 pips a day which is now "normal" for anyone new coming into trading now.

Originally Posted by Fx(MIA)

lol well on my way!

Hello Fx(MIA) I really liked your introductory graphics! Are you going to bring them back?

Charts from today's edition of the webinar Bulls vs. Bears @ The Trading Room 11:30 GMT Mon - Fri
Follow me on twitter: https://twitter.com/AlejandroDFX

AUD/USD Double Top Could Provide Opportunity- A pull back to the 1.0669 area could provide a good entry to re-enter long.

However, a few pips can be gained on the possible counter-trend drop.

Originally Posted by fahmy313

moved the stop to under 1.0650 and target to 1.0690

I like this what time frame are you using please.

Originally Posted by Gregory McLeod

AUD/USD Double Top Could Provide Opportunity- A pull back to the 1.0669 area could provide a good entry to re-enter long.

However, a few pips can be gained on the possible counter-trend drop.

I went for the counter-trend drop. I went Short AUD/USD at 1.0704 and limited out at 1.0668Twitter Winner! for +36 Pips in 45 minutes.

Originally Posted by Ikee

Well done mate. I like your style.

thanks Ikee

Originally Posted by berich

I like this what time frame are you using please.

thank you
actually i am using all time frames but this is 15 Minutes chart

Working off the open, close (using tradsessions plug in) of world markets overnight traderesults for commodities. +40 pips

Slim

Here is the Speculative Sentiment Index Commentary prepared by DailyFX Quantitative Analyst, David Rodriguez

Remember to use technical signals and price action in conjunction with SSI to pinpoint entries.

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.92 as nearly 66% of traders are short. Yesterday, the ratio was at -1.93 as 66% of open positions were short. In detail, long positions are 2.4% higher than yesterday and 6.2% weaker since last week. Short positions are 2.0% higher than yesterday and 11.6% stronger since last week. Open interest is 2.1% stronger than yesterday and 6.1% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.15 as nearly 54% of traders are short. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 19.9% lower than yesterday and 37.1% stronger since last week. Short positions are 25.4% higher than yesterday and 34.4% weaker since last week. Open interest is 0.7% weaker than yesterday and 10.5% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at -1.06 as nearly 51% of traders are short. Yesterday, the ratio was at -1.05 as 51% of open positions were short. In detail, long positions are 0.6% higher than yesterday and 16.3% weaker since last week. Short positions are 1.4% higher than yesterday and 8.3% stronger since last week. Open interest is 1.0% stronger than yesterday and 0.7% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY gains.

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.50 as nearly 60% of traders are long. Yesterday, the ratio was at 1.46 as 59% of open positions were long. In detail, long positions are 1.8% higher than yesterday and 8.7% weaker since last week. Short positions are 1.5% lower than yesterday and 62.4% stronger since last week. Open interest is 0.5% stronger than yesterday and 8.3% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
USDCHF - The ratio of long to short positions in the USDCHF stands at 2.59 as nearly 72% of traders are long. Yesterday, the ratio was at 3.19 as 76% of open positions were long. In detail, long positions are 6.7% lower than yesterday and 30.8% stronger since last week. Short positions are 15.1% higher than yesterday and 24.5% stronger since last week. Open interest is 1.5% weaker than yesterday and 21.4% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

USDCAD - The ratio of long to short positions in the USDCAD stands at 2.24 as nearly 69% of traders are long. Yesterday, the ratio was at 1.81 as 64% of open positions were long. In detail, long positions are 12.5% higher than yesterday and 1.8% stronger since last week. Short positions are 9.1% lower than yesterday and 27.0% stronger since last week. Open interest is 4.8% stronger than yesterday and 0.5% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.68 as nearly 63% of traders are short. Yesterday, the ratio was at -1.31 as 57% of open positions were short. In detail, long positions are 7.9% lower than yesterday and 47.2% stronger since last week. Short positions are 18.1% higher than yesterday and 11.8% weaker since last week. Open interest is 6.9% stronger than yesterday and 9.3% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.46 as nearly 59% of traders are short. Yesterday, the ratio was at -1.43 as 59% of open positions were short. In detail, long positions are 3.5% lower than yesterday and 16.0% stronger since last week. Short positions are 1.6% lower than yesterday and 24.1% weaker since last week. Open interest is 2.4% weaker than yesterday and 7.1% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

Discuss trading strategies with the SSI and other sentiment readings in the DailyFX forum!