Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.


British Pound Gains are Slowing but Not Likely Over

ssi_gbp-usd_body_Picture_15.png, British Pound Gains are Slowing but Not Likely Over

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GBPUSD Retail forex trading crowds are extremely short the British Pound versus the US Dollar, and a contrarian view of crowd sentiment suggests the GBPUSD may continue to fresh highs.

Trade Implications – GBPUSD: Slowing upward momentum warns that British Pound gains might come more gradually, but our trading forecast remains in favor of gains as long as ‘the herd’ continues selling. Feasible topside targets include 2009 reaction highs near $1.6877 and $1.6985.

See next currency section:USDJPY - US Dollar Remains at Risk versus the Japanese Yen

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_gbp-usd_body_Picture_16.png, British Pound Gains are Slowing but Not Likely Over

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX



Latest Topics in the Forex Trading Forums

EURUSD H1 2013
by tirex
Today at 08:34
GBP and JPY Pairs H1 2013
by Sporadic Trader
Today at 06:23
GBP and JPY Pairs H1 2013
by ibrohim
Today at 03:38
GBP and JPY Pairs H1 2013
by ibrohim
Today at 03:37

Resources