This article examines retail sentiment across three pivotal markets: gold, EUR/USD, and USD/JPY, delving into potential directional outcomes guided by contrarian technical signals.
Naturally, contrarian signals alone don't ensure profits. Their strength comes from being a strategic piece of a comprehensive trading plan. Traders can gain a deeper grasp of the forces driving the market – often missed by the majority – by skillfully combining contrarian insights with technical and fundamental analysis.
Interestingly, this bullishness seems to be intensifying. Compared to yesterday, the number of clients on the long side has increased by 0.10%, and it's up 3.11% compared to last week. Conversely, sellers have decreased by 1.14% since yesterday and 3.19% over the past week. IG data indicates a slightly positive bias towards EUR/USD, with 53.66% of traders currently holding net-long positions. This translates to a long-to-short ratio of 1.16 to 1. Interestingly, this bullish sentiment has decreased compared to both yesterday and last week .
IG data reveals a bearish tilt towards USD/JPY, with 72.92% of traders holding net-short positions. This has resulted in a short-to-long ratio of 2.69 to 1, though bearishness has decreased significantly since yesterday and last week .
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Euro Forecast and Sentiment Analysis: EUR/USD, EUR/CHF, EUR/GBP, EUR/JPYThis article provides an extensive analysis of retail sentiment on the euro across four key FX pairs: EUR/USD, EUR/CHF, EUR/GBP, and EUR/JPY. Additionally, we explore potential outcomes through the perspective of contrarian signals.
Read more »
US Dollar Outlook & Sentiment Analysis: EUR/USD, GBP/USD, USD/CHFThis article offers a comprehensive review of retail sentiment on the U.S. dollar, focusing on three key popular pairs: EUR/USD, GBP/USD and USD/CHF. Additionally, we assess potential directional outcomes from the vantage point of contrarian signals.
Read more »
EUR/USD Price Analysis: Holds above psychological level of 1.0600 amid a bearish sentimentEUR/USD continues its losing streak for the sixth successive session on Tuesday, hovering near 1.0620 during the Asian trading hours.
Read more »
Japanese Yen Sentiment Analysis & Outlook: USD/JPY, EUR/JPY, GBP/JPYThis article presents a detailed analysis of retail sentiment on the Japanese yen, examining three key currency pairs: USD/JPY, EUR/JPY, and GBP/JPY. Moreover, we assess various scenarios driven by contrarian signals within each market.
Read more »
– EUR/USD and EUR/GBP Technical Analysis and Sentiment LatestThe Euro has been buffeted over the last few sessions against the US dollar, while EUR/GBP has jumped on recent Sterling weakness.
Read more »
– EUR/USD, EUR/GBP Fundamental, Technical and Sentiment AnalysisThe Euro is drifting lower going into the weekly close. Next week, economic data and events may see EUR/USD and EUR/GBP resistance and/or support levels tested again.
Read more »