Number of traders net-short has decreased by 19.69% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has decreased by 19.69% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
GBP/USD |
BEARISH |
50.34% |
49.66% |
7.27%
9.62% |
1.02%
-19.69% |
4.07%
-7.20% |
GBP/USD: Retail trader data shows 50.34% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Jan 07 when GBP/USD traded near 1.36, price has moved 0.99% lower since then. The number of traders net-long is 7.27% higher than yesterday and 9.62% higher from last week, while the number of traders net-short is 1.02% higher than yesterday and 19.69% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall.
Our data shows traders are now net-long GBP/USD for the first time since Jan 07, 2022 when GBP/USD traded near 1.36. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish 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