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Trader Sentiment: GBP/USD, AUD/USD, USD/JPY Update

Written by:

Ezekiel Chew

Last updated on:

July 26, 2024

AUD/USD:

Retail trader data reveals that 78.72% of traders are net-long, with a ratio of 3.70 long traders for every short trader. The number of net-long traders has increased by 5.45% since yesterday and 34.21% since last week. Conversely, net-short traders have decreased by 14.05% since yesterday and 49.63% since last week.

Taking a contrarian view to crowd sentiment, the predominance of net-long traders suggests AUD/USD prices may continue to fall. The increase in net-long positions both daily and weekly strengthens this bearish outlook for AUD/USD.

AUD/USD Sentiment Chart (Source: DailyFX)

GBP/USD:

Retail trader data shows that 37.63% of traders are net-long, with a ratio of 1.66 short traders for every long trader. Net-long traders have increased by 2.27% since yesterday and 9.89% since last week. Net-short traders have decreased by 8.01% since yesterday and 11.81% since last week.

While a contrarian view to crowd sentiment suggests GBP/USD prices may continue to rise due to the majority being net-short, recent changes in sentiment indicate a potential downward reversal in the current GBP/USD price trend.

GBP/USD Sentiment Chart (Source: DailyFX)

USD/JPY:

Retail trader data indicates that 41.56% of traders are net-long, with a ratio of 1.41 short traders for every long trader. Net-long traders have increased by 4.29% since yesterday and 8.00% since last week. Net-short traders have decreased by 7.01% since yesterday and 16.85% since last week.

Although a contrarian view to crowd sentiment suggests USD/JPY prices may continue to rise due to the majority being net-short, recent changes in sentiment warn of a potential downward reversal in the current USD/JPY price trend.

USD/JPY Sentiment Chart (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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Trader Sentiment: GBP/USD, AUD/USD, USD/JPY Update

Written by:

Updated:

July 26, 2024

AUD/USD:

Retail trader data reveals that 78.72% of traders are net-long, with a ratio of 3.70 long traders for every short trader. The number of net-long traders has increased by 5.45% since yesterday and 34.21% since last week. Conversely, net-short traders have decreased by 14.05% since yesterday and 49.63% since last week. Taking a contrarian view to crowd sentiment, the predominance of net-long traders suggests AUD/USD prices may continue to fall. The increase in net-long positions both daily and weekly strengthens this bearish outlook for AUD/USD.
AUD/USD Sentiment Chart (Source: DailyFX)

GBP/USD:

Retail trader data shows that 37.63% of traders are net-long, with a ratio of 1.66 short traders for every long trader. Net-long traders have increased by 2.27% since yesterday and 9.89% since last week. Net-short traders have decreased by 8.01% since yesterday and 11.81% since last week. While a contrarian view to crowd sentiment suggests GBP/USD prices may continue to rise due to the majority being net-short, recent changes in sentiment indicate a potential downward reversal in the current GBP/USD price trend.
GBP/USD Sentiment Chart (Source: DailyFX)

USD/JPY:

Retail trader data indicates that 41.56% of traders are net-long, with a ratio of 1.41 short traders for every long trader. Net-long traders have increased by 4.29% since yesterday and 8.00% since last week. Net-short traders have decreased by 7.01% since yesterday and 16.85% since last week. Although a contrarian view to crowd sentiment suggests USD/JPY prices may continue to rise due to the majority being net-short, recent changes in sentiment warn of a potential downward reversal in the current USD/JPY price trend.
USD/JPY Sentiment Chart (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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