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US Dollar Forecast Bearish, but Watch for Sentiment Shiftsd

EURUSD – Euro Forecast Modestly Bullish versus US Dollar
GBPUSD – Trading Strategies Flat on Indecisive Price Action
USDJPY – Japanese Yen Forecast to Gain Further against USD
USDCHF – Swiss Franc Trading Bias Remains Bullish
USDCAD – Canadian Dollar Expected to Gain vs. US Dollar

It has been a challenging week for forex sentiment-based currency trading, as extremely indecisive markets have given us mixed signals for short-term US Dollar trading. Just several days ago, our SSI-based trading strategies were aggressively long the US Dollar on clearly one-sided crowd sentiment. Yet the Greenback’s dramatic reversal forced many of our systems to cover positions. The more recent shift in sentiment generally points to further USD losses. Yet we have limited conviction in our short-term forecasts on indecisive sentiment. We would ideally wait for clarification in short-term price action before taking aggressive bets on major currency pairs.