Dislikedwhat a bottom picking we did on U/Cad, long from 1.0070 it was a super fast 70 pips, I took short on A/U .9190 , that one seems healthy tooIgnored
SSI: Retail Traders Take the Opportunity to Book Profit on Short GBPUSD Positions
Friday, 19 Mar 2010 20:14 GMT
Written by John Kicklighter
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.71 as nearly 63% of traders are long. Yesterday, the ratio was at -1.19 as 54% of open positions were short. In detail, long positions are 22.0% higher than yesterday and 28.0% stronger since last week. Short positions are 39.7% lower than yesterday and 34.9% weaker since last week. Open interest is 11.5% weaker than yesterday and 6.9% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
SSI Details:
EURUSD - The ratio of long to short positions in the EURUSD stands at 1.41 as nearly 59% of traders are long. Yesterday, the ratio was at 1.25 as 55% of open positions were long. In detail, long positions are 2.1% higher than yesterday and 28.8% stronger since last week. Short positions are 10.0% lower than yesterday and 39.4% weaker since last week. Open interest is 3.3% weaker than yesterday and 4.5% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.
GBPJPY - The ratio of long to short positions in the GBPJPY stands at 1.82 as nearly 65% of traders are long. Yesterday, the ratio was at 1.23 as 55% of open positions were long. In detail, long positions are 13.3% higher than yesterday and 32.8% stronger since last week. Short positions are 23.3% lower than yesterday and 18.6% weaker since last week. Open interest is 3.1% weaker than yesterday and 5.9% 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 1.67 as nearly 63% of traders are long. Yesterday, the ratio was at 1.77 as 64% of open positions were long. In detail, long positions are 1.0% higher than yesterday and 6.0% stronger since last week. Short positions are 6.9% higher than yesterday and 15.4% stronger since last week. Open interest is 3.1% stronger than yesterday and 1.1% below 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 2.71 as nearly 73% of traders are long. Yesterday, the ratio was at 2.56 as 72% of open positions were long. In detail, long positions are 11.8% lower than yesterday and 15.2% weaker since last week. Short positions are 16.7% lower than yesterday and 42.2% stronger since last week. Open interest is 13.2% weaker than yesterday and 11.4% 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 3.06 as nearly 75% of traders are long. Yesterday, the ratio was at 3.03 as 75% of open positions were long. In detail, long positions are 3.4% lower than yesterday and 0.0% weaker since last week. Short positions are 4.1% lower than yesterday and 43.3% stronger since last week. Open interest is 3.6% weaker than yesterday and 40.1% 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 -1.43 as nearly 59% of traders are short. Yesterday, the ratio was at -1.74 as 63% of open positions were short. In detail, long positions are 8.2% higher than yesterday and 3.4% weaker since last week. Short positions are 10.9% lower than yesterday and 1.2% weaker since last week. Open interest is 3.9% weaker than yesterday and 5.0% 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 -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at -1.83 as 65% of open positions were short. In detail, long positions are 15.9% higher than yesterday and 16.7% weaker since last week. Short positions are 25.0% lower than yesterday and 10.3% stronger since last week. Open interest is 10.6% weaker than yesterday and 2.0% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.
USDX 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.
Nothing worth having is easy.