US Dollar Trading Challenging on Forex Market Indecision
Posted 02-11-2010 at 10:37 AM by DailyFX
EURUSD – Euro Forecast Unclear On Trader Indecision
GBPUSD – British Pound Outlook Remains Bearish
USDJPY – Japanese Yen May Trade Higher against US Dollar
USDCHF – Swiss Franc Forecast Uncertain Against US Dollar
USDCAD – Canadian Dollar Likely to Strengthen Against USD
GBPJPY – British Pound Forecast Bearish versus Japanese Yen
View individual currency SSI charts in our FX Sentiment section
Interested in building your own SSI-based strategy? Request SSI data on our forex forum.
Choppy forex price action has made it a difficult week for SSI-based trading, and indeed the strength of SSI trading signals has moderated through recent trade. Volatile moves in the US Dollar and other major counterparts would have given an early signal to sell the resurgent currency through first days of the week, but as we now know the Greenback has resumed its rally against all but a handful of currencies. We advise traders to keep position sizes modest through especially unpredictable price action, and we may have to wait for more consistent moves to take a strong bias on the US Dollar and other currencies.
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from fxcm.
GBPUSD – British Pound Outlook Remains Bearish
USDJPY – Japanese Yen May Trade Higher against US Dollar
USDCHF – Swiss Franc Forecast Uncertain Against US Dollar
USDCAD – Canadian Dollar Likely to Strengthen Against USD
GBPJPY – British Pound Forecast Bearish versus Japanese Yen
View individual currency SSI charts in our FX Sentiment section
Interested in building your own SSI-based strategy? Request SSI data on our forex forum.
Choppy forex price action has made it a difficult week for SSI-based trading, and indeed the strength of SSI trading signals has moderated through recent trade. Volatile moves in the US Dollar and other major counterparts would have given an early signal to sell the resurgent currency through first days of the week, but as we now know the Greenback has resumed its rally against all but a handful of currencies. We advise traders to keep position sizes modest through especially unpredictable price action, and we may have to wait for more consistent moves to take a strong bias on the US Dollar and other currencies.
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from fxcm.
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