Number of traders net-short has increased by 2.65% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CH
Number of traders net-short has increased by 2.65% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BULLISH |
21.16% |
78.84% |
-22.41%
-31.82% |
4.57%
2.65% |
-2.60%
-7.27% |
EUR/JPY: Retail trader data shows 21.16% of traders are net-long with the ratio of traders short to long at 3.73 to 1. Our data shows traders are now at their least net-long EUR/JPY since Mar 23 when EUR/JPY traded near 133.30. The number of traders net-long is 22.41% lower than yesterday and 31.82% lower from last week, while the number of traders net-short is 4.57% higher than yesterday and 2.65% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/JPY 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/JPY-bullish contrarian trading bias.
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