DislikedUSDX Weekly
Nice strong weekly candle on USDX. About time to break out of this consolidation. Let's see if it can manage 50% fib this week.Ignored
http://cdn.forexfactory.com/attachme...1&d=1269090740
Ding, ding, ding! Well my A/U trade sucks but at least USDX hit 50% fib and it only took three days.
SSI: A Dramatic Breakout for USDJPY Prompts a 27% in Longs and 72% Surge in Short Positions
Wednesday, 24 Mar 2010 17:28 GMT
Written by John Kicklighter
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
USDJPY - The ratio of long to short positions in the USDJPY stands at -1.23 as nearly 55% of traders are short. Yesterday, the ratio was at 1.93 as 66% of open positions were long. In detail, long positions are 27.8% lower than yesterday and 25.5% weaker since last week. Short positions are 71.4% higher than yesterday and 74.4% stronger since last week. Open interest is 6.1% stronger than yesterday and 2.9% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY gains.
SSI Details:
EURUSD - The ratio of long to short positions in the EURUSD stands at 1.52 as nearly 60% of traders are long. Yesterday, the ratio was at 1.37 as 58% of open positions were long. In detail, long positions are 6.8% higher than yesterday and 24.9% stronger since last week. Short positions are 3.4% lower than yesterday and 30.2% weaker since last week. Open interest is 2.5% stronger than yesterday and 1.2% 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 1.75 as nearly 64% of traders are long. Yesterday, the ratio was at 1.18 as 54% of open positions were long. In detail, long positions are 16.3% higher than yesterday and 46.5% stronger since last week. Short positions are 21.5% lower than yesterday and 36.7% weaker since last week. Open interest is 1.0% weaker than yesterday and 1.8% 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 -1.07 as nearly 52% of traders are short. Yesterday, the ratio was at 1.45 as 59% of open positions were long. In detail, long positions are 24.3% lower than yesterday and 0.4% stronger since last week. Short positions are 17.7% higher than yesterday and 6.5% stronger since last week. Open interest is 7.2% weaker than yesterday and 2.4% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY gains.
USDCAD - The ratio of long to short positions in the USDCAD stands at 1.90 as nearly 66% of traders are long. Yesterday, the ratio was at 1.40 as 58% of open positions were long. In detail, long positions are 17.5% lower than yesterday and 30.3% weaker since last week. Short positions are 39.3% lower than yesterday and 27.3% stronger since last week. Open interest is 26.6% weaker than yesterday and 2.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
USDCHF - The ratio of long to short positions in the USDCHF stands at 2.79 as nearly 74% of traders are long. Yesterday, the ratio was at 4.21 as 81% of open positions were long. In detail, long positions are 13.0% lower than yesterday and 12.0% weaker since last week. Short positions are 31.2% higher than yesterday and 2.5% stronger since last week. Open interest is 4.6% weaker than yesterday and 30.1% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.03 as nearly 51% of traders are short. Yesterday, the ratio was at -1.58 as 61% of open positions were short. In detail, long positions are 23.2% higher than yesterday and 49.8% stronger since last week. Short positions are 19.6% lower than yesterday and 26.3% weaker since last week. Open interest is 3.0% weaker than yesterday and 4.1% 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 1.09 as nearly 52% of traders are long. Yesterday, the ratio was at 1.08 as 52% of open positions were long. In detail, long positions are 13.5% higher than yesterday and 23.6% stronger since last week. Short positions are 13.0% higher than yesterday and 15.9% weaker since last week. Open interest is 13.3% stronger than yesterday and 8.5% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.
DislikedI am glad I'm not the only one (out of the tons who are shorting) that took a long on the CAD. Not only did I take a long, but added to it, geez, talk about painful. My 4 hr and daily candles show some signs of bullish action although it may be short lived. I am in the clear after this morning except for one I plan to hang onto for a while longer.Ignored
Dislikedbloodshed begins on the aussie, nice call patience!!!
where should we look for a bottom of this move???Ignored
Nothing worth having is easy.