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Retail Sentiment Overview – EUR/USD, GBP/USD, USD/JPY

Written by

Ezekiel Chew

Updated on

August 9, 2024

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Retail Sentiment Overview – EUR/USD, GBP/USD, USD/JPY

Written by:

Last updated on:

August 9, 2024

EUR/USD: Shifting Trader Sentiment

Recent analysis reveals a notable change in trader positions for EUR/USD. Currently, only 38.16% of traders are holding long positions, resulting in a short-to-long ratio of 1.62:1. Over the past week, there has been a decline in long positions and an increase in short positions. This evolving sentiment points towards the potential for EUR/USD price gains, though the overall trading bias remains uncertain.

EUR/USD Sentiment Analysis 08-09-2024 (Source: DailyFX)

GBP/USD: Balanced, Yet Shifting Sentiment

The sentiment among GBP/USD traders is nearly even, with 50.26% of positions being net-long. Recent trends indicate a reduction in long positions accompanied by a rise in short positions. Although a net-long bias typically signals bearish pressure, the current shift in sentiment could be an indicator of a potential upward reversal for GBP/USD.

GBP/USD Sentiment Analysis 08-09-2024 (Source: DailyFX)

USD/JPY: Conflicted Sentiment

In the case of USD/JPY, retail traders are slightly net-short, with 48.06% holding long positions. Daily analysis shows increased activity on both sides, while weekly trends highlight a reduction in overall positions. This conflicted sentiment results in a mixed trading bias for USD/JPY, though the prevailing net-short position might suggest potential price increases.

USD/JPY Sentiment Analysis 08-09-2024 (Source: DailyFX)

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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Retail Sentiment Overview – EUR/USD, GBP/USD, USD/JPY

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Overall Trust Index

Written by:

Updated:

August 9, 2024

EUR/USD: Shifting Trader Sentiment

Recent analysis reveals a notable change in trader positions for EUR/USD. Currently, only 38.16% of traders are holding long positions, resulting in a short-to-long ratio of 1.62:1. Over the past week, there has been a decline in long positions and an increase in short positions. This evolving sentiment points towards the potential for EUR/USD price gains, though the overall trading bias remains uncertain.
EUR/USD Sentiment Analysis 08-09-2024 (Source: DailyFX)

GBP/USD: Balanced, Yet Shifting Sentiment

The sentiment among GBP/USD traders is nearly even, with 50.26% of positions being net-long. Recent trends indicate a reduction in long positions accompanied by a rise in short positions. Although a net-long bias typically signals bearish pressure, the current shift in sentiment could be an indicator of a potential upward reversal for GBP/USD.
GBP/USD Sentiment Analysis 08-09-2024 (Source: DailyFX)

USD/JPY: Conflicted Sentiment

In the case of USD/JPY, retail traders are slightly net-short, with 48.06% holding long positions. Daily analysis shows increased activity on both sides, while weekly trends highlight a reduction in overall positions. This conflicted sentiment results in a mixed trading bias for USD/JPY, though the prevailing net-short position might suggest potential price increases.
USD/JPY Sentiment Analysis 08-09-2024 (Source: DailyFX)
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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