– Retail forex traders remain extremely long the US Dollar across the board
– Heavily one-sided sentiment warns of potentially big moves ahead
– Our focus remains on the Euro, NZD, and British Pound at critical technical levels
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View individual currency sections:
EURUSD – Euro Rally Might Accelerate Above this Level
GBPUSD – British Pound Positions Flash Warning
USDJPY – US Dollar Poised to Test Lows versus Japanese Yen
NZDUSD – New Zealand Dollar May Soon set Important Top
AUDUSD – Australian Dollar at Potential Turning Point
USDCHF – Swiss Franc Targets Continued Multi-Year Highs
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Forex crowd positions are at records for the US Dollar versus the Euro, British Pound, Swiss Franc, and New Zealand Dollar. Why does this point to a reversal?
See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.
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— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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