Our forex sentiment indicator forecasts that the British Pound is likely to rally against the US dollar through short term forex trade.This likewise coincides with a bullish forex futures sentiment extreme as reported by the CFTC’s Commitment of Traders report, and the confluence of these factors is suggestive of a short-term GBPUSD bottom.
Please visit the pages below to find individual forex forecasts for major currency pairs.
GBPUSD – Forex Trading Sentiment Extreme Forecasts British Pound Rallies
EURUSD – Euro Outlook Remains Bearish, but Watch for Short-term EURUSD Bounce
USDJPY – Currency Traders Accurately Signal Japanese Yen Gains
USDCHF – Forex Traders Remain Bearish, Signal Rallies
USDCAD – Canadian Dollar Forecast to Rally Against US Dollar
While the SSI is available once a week on DailyFX.com, you can receive SSI readings twice a day in DailyFX Plus Forex Intraday Trading Signals
The SSI sought a EURUSD rally since 1.26 and was signaling a reversal around 1.60. Find our more in the DailyFX Forex Forum.
