Ssi forex indicator download

Yen Aims to Extend Gains, Pound Focus Shifts Back to Politics. Gold Prices May Find a Lifeline as Market Mood Darkens.

SSI Indicator - Broker Support - yyizibily.web.fc2.com Forex Trading Forum

Loonie Slides as Crude Dives- USDCAD Recovery Eyes Resistance. FTSE Further Develops Range on Sharp Turn Lower.

Dow Jones Industrial Average Struggles to Hold the Gap Higher. The British Pound Breakdown. Given that FXCM is one of the largest non-bank forex dealers in the world, our SSI boasts access to one of the biggest and likely one of most representative samples of the broader small-investor FX market. In our weekly SSI report, we give DailyFX readers a look at historical movements in the SSI and commensurate movements in price—providing a sentiment-based FX forecast.

It is critical to note the historical characteristics of the SSI. Though it seems a bit counter-intuitive at first, we most often use the SSI as a contrarian indicator to price action?

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Forex trading crowds tend to fade momentum. Most often we see the majority of traders sell into rallies and buy into declines.

During trending market conditions, this means that we use the SSI as a purely contrarian indicator. If the majority of traders are short, then we would expect price to continue rallying. The SSI first took a sustained shift to net long when the Euro hit 1. When the Euro made a second test of 1.

Such pinpoint shifts in trader sentiment and price action underlines the historical predictive ability of the SSI Indicator. Of course this is a somewhat cherry-picked example and nothing works percent of the time. Indeed, our major caveat is that the SSI works as a contrarian indicator when markets are trending. If markets are rangebound, then extreme SSI levels will coincide with major coincident tops and bottoms. In other words, if a currency pair remains stuck in a range, the trading crowd will actually be right and will accurately call direction in major currency pairs.

There are an infinite number of ways to read the SSI, and we attempt to provide the most accurate sentiment-based forecasts in all our analysis. Sometimes the shifts in the SSI can be the most telling in specific trading contexts.

SSI Ratio — The SSI ratio tells us whether traders are net-long or short and to what degree. If there are more traders long than those that are short, the ratio is positive. If the number is negative, then there are more short orders than long. An SSI ratio of The SSI is available every Thursday on http: DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Market News Headlines getFormatDate 'Wed Jun 21 Technical Analysis Headlines getFormatDate 'Wed Jun 21 Education Beginner Intermediate Advanced Expert Free Trading Guides.

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