Number of traders net-short has decreased by 1.98% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CH
Number of traders net-short has decreased by 1.98% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/GBP |
BULLISH |
49.78% |
50.22% |
-15.06%
-22.87% |
25.27%
-1.98% |
1.32%
-13.63% |
EUR/GBP: Retail trader data shows 49.78% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Mar 22 when EUR/GBP traded near 0.83, price has moved 1.67% higher since then. The number of traders net-long is 15.06% lower than yesterday and 22.87% lower from last week, while the number of traders net-short is 25.27% higher than yesterday and 1.98% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/GBP prices may continue to rise.
Our data shows traders are now net-short EUR/GBP for the first time since Mar 22, 2022 10:00 GMT when EUR/GBP traded near 0.83. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
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