Number of traders net-short has decreased by 1.74% 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 1.74% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/GBP |
BULLISH |
40.24% |
59.76% |
-27.72%
-13.92% |
6.47%
-1.74% |
-10.55%
-7.03% |
EUR/GBP: Retail trader data shows 40.24% of traders are net-long with the ratio of traders short to long at 1.48 to 1. Our data shows traders are now at their least net-long EUR/GBP since Sep 29 when EUR/GBP traded near 0.86. The number of traders net-long is 27.72% lower than yesterday and 13.92% lower from last week, while the number of traders net-short is 6.47% higher than yesterday and 1.74% 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.
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.
element inside the
element. This is probably not what you meant to do!Load your application’s JavaScript bundle inside the element instead.
www.dailyfx.com