Thread: Discuss the USD/CHF with a DailyFX Analyst

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been waiting for this level for quite some time for price to retest it, was really hoping for a retest of 1.00250 but prices have reacted to a lower supply for now as highlighted in the hourly price action below





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strong bearish engulfing develops - a revisit to the area - can attempt a sell towards demand area lower for tgs, also possible buy levels

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GBP/USD, EUR/USD, and AUD/USD rebounding from support after overnight declines provided some good scalping opportunities.

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Theres a bearish Crab Pattern.

Weekly:

Daily:

H4:

The Pattern on H4 is an additional Crab Pattern which falls together with the daily one. Divergence on all Timeframes. Nice price level ~1.0000.

I think i dont have to say more.

Hello Traders! I hope you have had a great weekend! Here are the list of economic releases that could create trading opportunities.

I hope you are having a terrific Tueday! Bernanke's testimony before Congress could outweigh all news releases as traders look for firm commitment of more QE . Suspense will build as Bernanke will repeat his performance.

SSI Details:

USDCHF - The ratio of long to short positions in the USDCHF stands at -1.72 as nearly 63% of traders are short. Yesterday, the ratio was at -1.90 as 66% of open positions were short. In detail, long positions are 7.5% higher than yesterday and 11.6% stronger since last week. Short positions are 2.8% lower than yesterday and 4.8% weaker since last week. Open interest is 0.7% stronger than yesterday and 14.7% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

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Watch the Replay Here:

USDCHF - The ratio of long to short positions in the USDCHF stands at -2.05 as nearly 67% of traders are short. Yesterday, the ratio was at -1.87 as 65% of open positions were short. In detail, long positions are 1.7% lower than yesterday and 1.7% weaker since last week. Short positions are 7.7% higher than yesterday and 1.4% weaker since last week. Open interest is 4.5% stronger than yesterday and 11.8% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

EURUSD - The ratio of long to short positions in the EURUSD stands at 1.35 as nearly 57% of traders are long. Yesterday, the ratio was at 1.24 as 55% of open positions were long. In detail, long positions are 5.9% higher than yesterday and 5.2% weaker since last week. Short positions are 2.4% lower than yesterday and 30.3% stronger since last week. Open interest is 2.2% stronger than yesterday and 6.0% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.01 as nearly 50% of traders are short. Yesterday, the ratio was at 1.07 as 52% of open positions were long. In detail, long positions are 1.8% higher than yesterday and 28.3% weaker since last week. Short positions are 10.1% higher than yesterday and 38.7% stronger since last week. Open interest is 5.8% stronger than yesterday and 5.1% above 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 2.97 as nearly 75% of traders are long. Yesterday, the ratio was at 2.26 as 69% of open positions were long. In detail, long positions are 10.0% higher than yesterday and 1.1% stronger since last week. Short positions are 16.2% lower than yesterday and 6.1% weaker since last week. Open interest is 2.0% stronger than yesterday and 1.4% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 8.33 as nearly 89% of traders are long. Yesterday, the ratio was at 7.61 as 88% of open positions were long. In detail, long positions are 2.7% higher than yesterday and 24.9% stronger since last week. Short positions are 6.1% lower than yesterday and 21.2% weaker since last week. Open interest is 1.7% stronger than yesterday and 16.2% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

USDCAD - The ratio of long to short positions in the USDCAD stands at 1.61 as nearly 62% of traders are long. Yesterday, the ratio was at 1.49 as 60% of open positions were long. In detail, long positions are 5.0% higher than yesterday and 43.6% stronger since last week. Short positions are 3.0% lower than yesterday and 12.1% weaker since last week. Open interest is 1.8% stronger than yesterday and 3.6% above 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 -2.36 as nearly 70% of traders are short. Yesterday, the ratio was at -1.95 as 66% of open positions were short. In detail, long positions are 1.9% lower than yesterday and 11.8% weaker since last week. Short positions are 19.0% higher than yesterday and 33.2% stronger since last week. Open interest is 11.9% stronger than yesterday and 17.4% 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 -1.27 as nearly 56% of traders are short. Yesterday, the ratio was at -1.30 as 57% of open positions were short. In detail, long positions are 2.4% higher than yesterday and 7.2% weaker since last week. Short positions are 0.3% higher than yesterday and 2.3% weaker since last week. Open interest is 1.2% stronger than yesterday and 4.4% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

EURCHF - The ratio of long to short positions in the EURCHF stands at 30.01 as nearly 97% of traders are long. Yesterday, the ratio was at 29.17 as 97% of open positions were long. In detail, long positions are 0.9% higher than yesterday and 5.7% weaker since last week. Short positions are 1.9% lower than yesterday and 5.1% stronger since last week. Open interest is 0.8% stronger than yesterday and 6.9% below its monthly average. The SSI is a contrarian indicator and signals more EURCHF losses.

Read more about the EURCHF in our special report: Euro/Swiss Franc Nears 1.20, Swiss National Bank Hovers-Trade Setups? | DailyFX

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.
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SSI Details:

EURUSD - The ratio of long to short positions in the EURUSD stands at 1.57 as nearly 61% of traders are long. Yesterday, the ratio was at 1.44 as 59% of open positions were long. In detail, long positions are 2.8% higher than yesterday and 13.5% stronger since last week. Short positions are 5.3% lower than yesterday and 10.1% weaker since last week. Open interest is 0.5% weaker than yesterday and 5.6% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.44 as nearly 59% of traders are long. Yesterday, the ratio was at 1.66 as 62% of open positions were long. In detail, long positions are 0.8% higher than yesterday and 25.0% stronger since last week. Short positions are 16.2% higher than yesterday and 7.6% weaker since last week. Open interest is 6.6% stronger than yesterday and 7.1% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at 2.78 as nearly 74% of traders are long. Yesterday, the ratio was at 2.86 as 74% of open positions were long. In detail, long positions are 1.8% higher than yesterday and 26.5% stronger since last week. Short positions are 4.8% higher than yesterday and 3.0% stronger since last week. Open interest is 2.6% stronger than yesterday and 15.9% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 9.98 as nearly 91% of traders are long. Yesterday, the ratio was at 9.49 as 90% of open positions were long. In detail, long positions are 2.6% higher than yesterday and 13.4% stronger since last week. Short positions are 2.5% lower than yesterday and 13.4% weaker since last week. Open interest is 2.1% stronger than yesterday and 18.3% above 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 -2.17 as nearly 68% of traders are short. Yesterday, the ratio was at -1.93 as 66% of open positions were short. In detail, long positions are 2.8% lower than yesterday and 8.0% weaker since last week. Short positions are 9.4% higher than yesterday and 6.8% stronger since last week. Open interest is 5.2% stronger than yesterday and 7.3% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

USDCAD - The ratio of long to short positions in the USDCAD stands at -1.02 as nearly 50% of traders are short. Yesterday, the ratio was at -1.01 as 50% of open positions were short. In detail, long positions are 1.0% higher than yesterday and 18.6% weaker since last week. Short positions are 2.3% higher than yesterday and 23.7% stronger since last week. Open interest is 1.7% stronger than yesterday and 0.0% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD gains.


AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.34 as nearly 57% of traders are short. Yesterday, the ratio was at -1.18 as 54% of open positions were short. In detail, long positions are 3.1% higher than yesterday and 19.7% stronger since last week. Short positions are 16.9% higher than yesterday and 17.8% weaker since last week. Open interest is 10.5% stronger than yesterday and 3.3% below 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 -1.14 as nearly 53% of traders are short. Yesterday, the ratio was at 1.08 as 52% of open positions were long. In detail, long positions are 2.6% lower than yesterday and 5.3% stronger since last week. Short positions are 20.3% higher than yesterday and 7.3% weaker since last week. Open interest is 8.4% stronger than yesterday and 4.8% 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!
*No warranties or guarantees are made with respect to the content contained herein. The website and the guests on this site do not take into account the investment objectives, financial situation or particular needs of any particular person. The advice and trading ideas provided on this website are for informational purposes only and are not intended as a trading ideas. Under no circumstances does any advice or trading idea contained herein constitute a solicitation to buy and sell currencies. We do not endorse and cannot vouch for any of the guest traders on this site.

Originally Posted by sphynx

Hehe, well, it is when they are profitable that they come out of the woodworks to brag. Sorry to read about your crow meal there, but it is what evolves the trader...the losses, not the wins

Btw, it didn't look that bad, you had a couple of lemon slices there =D

Hey Sphynx. You are partially right as I will come out and brag a little in hopes you and others will come to my next Pip and Run webinar:

4 wins out of 4 trades for +68 pips on AUD/JPY and EUR/USD. Had some nice razor entries at key levels of support. It took 10 to 20 minutes to finish the trades. I got long minutes before the Mario Draghi speech. Big candles!

See you tomorrow at 5:30 AM ET Monday through Friday!

Watch the Replay Here: ( It is in two parts as the Internet connection cut off midway.)
Part I


Part II

SSI Details:
EURUSD - The ratio of long to short positions in the EURUSD stands at 1.20 as nearly 54% of traders are long. Yesterday, the ratio was at -1.01 as 50% of open positions were short. In detail, long positions are 15.4% higher than yesterday and 15.8% weaker since last week. Short positions are 4.4% lower than yesterday and 1.4% stronger since last week. Open interest is 5.4% stronger than yesterday and 3.2% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.16 as nearly 54% of traders are short. Yesterday, the ratio was at -1.50 as 60% of open positions were short. In detail, long positions are 16.7% higher than yesterday and 29.3% weaker since last week. Short positions are 9.4% lower than yesterday and 36.8% stronger since last week. Open interest is 1.1% stronger than yesterday and 4.3% 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 2.23 as nearly 69% of traders are long. Yesterday, the ratio was at 1.96 as 66% of open positions were long. In detail, long positions are 7.3% higher than yesterday and 18.8% weaker since last week. Short positions are 5.5% lower than yesterday and 4.2% stronger since last week. Open interest is 3.0% stronger than yesterday and 2.6% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 13.44 as nearly 93% of traders are long. Yesterday, the ratio was at 12.64 as 93% of open positions were long. In detail, long positions are 5.2% higher than yesterday and 4.9% stronger since last week. Short positions are 1.1% lower than yesterday and 26.0% weaker since last week. Open interest is 4.7% stronger than yesterday and 13.2% above 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 -1.45 as nearly 59% of traders are short. Yesterday, the ratio was at -1.33 as 57% of open positions were short. In detail, long positions are 1.4% higher than yesterday and 1.6% weaker since last week. Short positions are 10.7% higher than yesterday and 26.1% weaker since last week. Open interest is 6.7% stronger than yesterday and 15.3% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

USDCAD - The ratio of long to short positions in the USDCAD stands at 2.08 as nearly 68% of traders are long. Yesterday, the ratio was at 1.93 as 66% of open positions were long. In detail, long positions are 11.0% higher than yesterday and 50.7% stronger since last week. Short positions are 3.2% higher than yesterday and 27.9% weaker since last week. Open interest is 8.3% stronger than yesterday and 9.8% above 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 -3.11 as nearly 76% of traders are short. Yesterday, the ratio was at -2.45 as 71% of open positions were short. In detail, long positions are 9.0% higher than yesterday and 26.1% weaker since last week. Short positions are 38.2% higher than yesterday and 94.5% stronger since last week. Open interest is 29.8% stronger than yesterday and 20.9% 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 -1.86 as nearly 65% of traders are short. Yesterday, the ratio was at -2.02 as 67% of open positions were short. In detail, long positions are 9.3% higher than yesterday and 17.9% weaker since last week. Short positions are 0.4% higher than yesterday and 64.5% stronger since last week. Open interest is 3.3% stronger than yesterday and 7.9% above 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!
*No warranties or guarantees are made with respect to the content contained herein. The website and the guests on this site do not take into account the investment objectives, financial situation or particular needs of any particular person. The advice and trading ideas provided on this website are for informational purposes only and are not intended as a trading ideas. Under no circumstances does any advice or trading idea contained herein constitute a solicitation to buy and sell currencies. We do not endorse and cannot vouch for any of the guest traders on this site.

Forex Heat Map Shows Risk Aversion Slowly Creeping Back

Notice how USD/NOK, USD/CHF, and USD/CAD have moved up in the top 10 of percent movers. In addition, XXX/JPY moving lower indicates yen strength and risk aversion.

Dow Jones FXCM US Dollar Index Daily Chart Elliott Wave Counts Look Bullish.

This could be bearish for Euro, GBP, NZD, AUD versus yen and US dollar.

Like the seasons and Texas weather, these counts can and do change at times. So a healthy dose of skepticism should follow any of these counts!

caveat emptor

Pip and Running for +85 pips in Two days.8 Wins out of 9 trades on the Active trader platform. I also picked up another +39 pips today trading on the FXCM TSII demo platform. Caught some nice bounces from the central pivot in the Euro.
Join me for Pip and Run Monday through Friday at 5:30AM ET

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