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FX Sentiment Analysis: GBP/USD, EUR/USD, AUD/USD Overview

Written by

Ezekiel Chew

Updated on

July 19, 2024

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FX Sentiment Analysis: GBP/USD, EUR/USD, AUD/USD Overview

Written by:

Last updated on:

July 19, 2024

GBP/USD: Potential Downturn?

Recent data shows retail traders are 32.63% net-long with a short-to-long ratio of 2.07:1. There has been a 1.37% rise in net-long positions since yesterday and a 13.89% increase over the past week. Conversely, net-short positions have dropped 4.09% since yesterday but have seen a 1.06% rise from last week.

GBP/USD Client Positioning (Source: DailyFX, IG)

EUR/USD: Ambiguous Sentiment

The data indicates 34.95% of traders are net-long, with a short-to-long ratio of 1.86:1. Net-long positions have surged 20.13% since yesterday but have decreased by 1.65% from last week. Net-short positions have declined 10.96% since yesterday but increased 3.60% week-over-week.

With the current net-short positioning, our contrarian view suggests a potential rise in EUR/USD. However, the mixed changes in net-short positions compared to yesterday and last week imply an uncertain trading outlook for EUR/USD.

EUR/USD Client Positioning (Source: DailyFX, IG)

AUD/USD: Bearish Sentiment

The data shows 58.13% of traders are net-long, with a long-to-short ratio of 1.39:1. Net-long positions have grown 6.13% since yesterday and 28.51% from last week. Meanwhile, net-short positions have decreased 8.06% since yesterday and 22.21% over the week.

According to our contrarian trading approach, the net-long positioning indicates a potential decline in AUD/USD prices. The significant rise in net-long positions compared to both yesterday and last week strengthens a bearish outlook for AUD/USD.

AUD/USD Client Positioning (Source: DailyFX, IG)

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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FX Sentiment Analysis: GBP/USD, EUR/USD, AUD/USD Overview

4.0
Overall Trust Index

Written by:

Updated:

July 19, 2024

GBP/USD: Potential Downturn?

Recent data shows retail traders are 32.63% net-long with a short-to-long ratio of 2.07:1. There has been a 1.37% rise in net-long positions since yesterday and a 13.89% increase over the past week. Conversely, net-short positions have dropped 4.09% since yesterday but have seen a 1.06% rise from last week.
GBP/USD Client Positioning (Source: DailyFX, IG)

EUR/USD: Ambiguous Sentiment

The data indicates 34.95% of traders are net-long, with a short-to-long ratio of 1.86:1. Net-long positions have surged 20.13% since yesterday but have decreased by 1.65% from last week. Net-short positions have declined 10.96% since yesterday but increased 3.60% week-over-week. With the current net-short positioning, our contrarian view suggests a potential rise in EUR/USD. However, the mixed changes in net-short positions compared to yesterday and last week imply an uncertain trading outlook for EUR/USD.
EUR/USD Client Positioning (Source: DailyFX, IG)

AUD/USD: Bearish Sentiment

The data shows 58.13% of traders are net-long, with a long-to-short ratio of 1.39:1. Net-long positions have grown 6.13% since yesterday and 28.51% from last week. Meanwhile, net-short positions have decreased 8.06% since yesterday and 22.21% over the week. According to our contrarian trading approach, the net-long positioning indicates a potential decline in AUD/USD prices. The significant rise in net-long positions compared to both yesterday and last week strengthens a bearish outlook for AUD/USD.
AUD/USD Client Positioning (Source: DailyFX, IG)
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.

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