– Retail FX trading crowd is extremely long the US Dollar across the board
– Sentiment extremes and a cyclical turn window suggests the USD will reverse higher
– Dollar reversal risk especially high in the GBP/USD, EUR/USD, and USD/CHF exchange rates
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View individual currency sections:
EURUSD – Euro at Important Danger of Declines
GBPUSD – British Pound May Have Set Important Highs
USDJPY – Japanese Yen Forecast May Finally become Clear
GOLD – Gold May Continue to Outperform Unless this Changes
SPX500 – SP 500 Looks Set to Test Fresh Peaks
USDCHF – Swiss Franc at Potentially Substantial Turning Point
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail forex trading crowds have never been more long the US Dollar versus the British Pound and other currency counterparts. We see material risk of a significant Dollar turnaround.
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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