IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.
EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Jul 03, 2024 when EUR/USD traded near 1.08.There are many ways that traders can measure sentiment in the FX market, and of course, there isn’t a one-size fits all method for analyzing it. Depending on your objectives one may be more well-suited for you than another.
The IG Client Sentiment tool uses real-time retail trading data provided exclusively by IG, one of the world’s largest FX brokers. It is calculated by counting how many traders are long versus how many are short, creating a ratio or percentage representing the aggregate level of bullishness or bearishness in a currency pair. For example, if there are 600 traders longThere are a few factors which really make IGCS stand out as a sentiment indicator.
The effectiveness of the IG Client Sentiment indicator can also be seen in profitability numbers of retail traders. When markets aren’t trending, the fading of short-term price momentum is a good strategy as prices revert to the mean, but when a strong trend develops those trades which once worked in range-bound environment turn into out-sized losses in an absence of price reverting to the mean.
Watching how quickly the data shifts is another powerful way to gain valuable information from IGCS. The change in the direction of a trend often starts with a change in price action and sharp shift in market positioning. These sudden shifts in momentum are caught in real-time by IG Client Sentiment data and can help put traders on the right side of the trade early in a price move.To conclude, IGCS is not a stand-alone indicator but can be a powerful addition to a trader’s toolbox.
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