DislikedFXCM retail sentiment shows 77% of positions are LONG on AUDUSD: Im not sure how many out the 200,000 retail accounts are involved, but FXCM is one of the largest in the world. Every 1 Short there is 3.3 long This is very very bearish. Im comfortable trusting a 60/40 ratio. Usually. AUDUSD is so bearish. Fundamentally. Technical Patterns. Momentum. Sentiment. that Im a bit nervous that it could be very bullish. Im short pretty heavy (trade ex shows only a day, but Iv been in and out a week+) Be careful going long. As its a screaming sell with a...Ignored
The Speculative Sentiment Index (SSI) is a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUDUSD 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.