Number of traders net-short has increased by 34.60% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has increased by 34.60% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BULLISH |
22.08% |
77.92% |
-22.16%
-2.58% |
-11.75%
34.60% |
-14.29%
24.14% |
EUR/JPY: Retail trader data shows 22.08% of traders are net-long with the ratio of traders short to long at 3.53 to 1. Our data shows traders are now at their least net-long EUR/JPY since Oct 25 when EUR/JPY traded near 132.01. The number of traders net-long is 22.16% lower than yesterday and 2.58% lower from last week, while the number of traders net-short is 11.75% lower than yesterday and 34.60% 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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