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EUR/GBP Sentiment: Traders Least Net-Long Since November

Written by

Ezekiel Chew

Updated on

August 7, 2024

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EUR/GBP Sentiment: Traders Least Net-Long Since November

Written by:

Last updated on:

August 7, 2024

Retail trader data indicates that 34.41% of traders are net-long EUR/GBP, with the ratio of traders short to long at 1.91 to 1. This marks the least net-long position since November 11, when EUR/GBP traded near 0.87. The number of traders net-long is 13.27% lower than yesterday and 59.33% lower than last week, while the number of traders net-short has increased by 16.97% from yesterday and 84.09% from last week.

EUR/GBP Client Positioning as of August 7th, 2024 (Source: DailyFX)

Implications of Net-Short Trader Sentiment

Analysts often adopt a contrarian perspective on crowd sentiment, and the fact that traders are net-short implies that EUR/GBP prices may continue to rise.

Traders are more net-short compared to both yesterday and last week. This combination of current sentiment and recent changes enhances a EUR/GBP-bullish contrarian trading bias.

About Ezekiel Chew​

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

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EUR/GBP Sentiment: Traders Least Net-Long Since November

4.0
Overall Trust Index

Written by:

Updated:

August 7, 2024
Retail trader data indicates that 34.41% of traders are net-long EUR/GBP, with the ratio of traders short to long at 1.91 to 1. This marks the least net-long position since November 11, when EUR/GBP traded near 0.87. The number of traders net-long is 13.27% lower than yesterday and 59.33% lower than last week, while the number of traders net-short has increased by 16.97% from yesterday and 84.09% from last week.
EUR/GBP Client Positioning as of August 7th, 2024 (Source: DailyFX)

Implications of Net-Short Trader Sentiment

Analysts often adopt a contrarian perspective on crowd sentiment, and the fact that traders are net-short implies that EUR/GBP prices may continue to rise. Traders are more net-short compared to both yesterday and last week. This combination of current sentiment and recent changes enhances a EUR/GBP-bullish contrarian trading bias.
ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

RELATED ARTICLES

EUR/GBP Sentiment: Traders Least Net-Long Since November

4.0
Overall Trust Index

Written by:

Updated:

August 7, 2024
Retail trader data indicates that 34.41% of traders are net-long EUR/GBP, with the ratio of traders short to long at 1.91 to 1. This marks the least net-long position since November 11, when EUR/GBP traded near 0.87. The number of traders net-long is 13.27% lower than yesterday and 59.33% lower than last week, while the number of traders net-short has increased by 16.97% from yesterday and 84.09% from last week.
EUR/GBP Client Positioning as of August 7th, 2024 (Source: DailyFX)

Implications of Net-Short Trader Sentiment

Analysts often adopt a contrarian perspective on crowd sentiment, and the fact that traders are net-short implies that EUR/GBP prices may continue to rise. Traders are more net-short compared to both yesterday and last week. This combination of current sentiment and recent changes enhances a EUR/GBP-bullish contrarian trading bias.
ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

RELATED ARTICLES

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