• Contact Us
  • Homepages
Most Forex
  • For Beginners
  • Strategies
  • Technical Analysis
  • Product Reviews
  • News
  • Videos
No Result
View All Result
  • For Beginners
  • Strategies
  • Technical Analysis
  • Product Reviews
  • News
  • Videos
No Result
View All Result
Most Forex
No Result
View All Result
Home Technical Analysis

00 GMT when EUR/JPY traded near 124.31.

Forex Tips by Forex Tips
November 18, 2020
in Technical Analysis
0
00 GMT when EUR/JPY traded near 124.31.
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


EUR/JPY Client Positioning

Number of traders net-short has decreased by 11.20% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/JPY

BEARISH

50.78%

49.22%

22.01%
Daily

39.15%
Weekly

-7.04%
Daily

-11.20%
Weekly

5.75%
Daily

8.78%
Weekly

EUR/JPY: Retail trader data shows 50.78% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Nov 09 when EUR/JPY traded near 124.31, price has moved 0.97% lower since then. The number of traders net-long is 22.01% higher than yesterday and 39.15% higher from last week, while the number of traders net-short is 7.04% lower than yesterday and 11.20% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/JPY prices may continue to fall.

Our data shows traders are now net-long EUR/JPY for the first time since Nov 09, 2020 12:00 GMT when EUR/JPY traded near 124.31. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.





Source link

Share76Tweet47

Related Posts

Technicals Point to Higher Prices

Gold Trading Soft, Silver Price Trying to Hold Important Support

by Forex Tips
March 4, 2021
0

Gold & Silver Price OutlookGold trading near the bottom of a would-be long-term bull-flagSilver price trading on March trend-line,...

Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts for the Week

Monthly Forex Seasonality – March 2021: ‘Dollars’ Mixed but Gold, Stocks Favor Weakness

by Forex Tips
March 3, 2021
0

March FX Seasonality Overview:In recent years, March has produced EUR/USD gains, losses by USD/JPY, gold, and stocks. It’s a...

Brexit Latest: British Pound Rallies as EU-UK Agreement Nears

British Pound Forecast: Digesting Gains Around Spring Budget

by Forex Tips
March 3, 2021
0

British Pound Outlook:After a strong run higher, the British Pound may be due for a period of pullback, if...

Canadian Dollar Forecast: Loonie’s Wings Clipped?

by Forex Tips
March 3, 2021
0

Canadian Dollar Outlook:Canadian Dollar Flies Through TurbulenceThe Canadian Dollar was hobbled last week, nearly falling through key technical levels...

Turn Lower Ahead as Momentum Fades?

Retail Trader Signals Hint to Proceed With Caution

by Forex Tips
March 3, 2021
0

Dow Jones, S&P 500, Technical Analysis, Retail Trader Positioning - Talking PointsIG Client Sentiment still warning that the Dow...

Load More

Categories

  • Crypto Strategies
  • Currency
  • For Beginners
  • Forex News
  • Forex Trading Tips & Strategies
  • Investment
  • Technical Analysis
  • Videos
Forex Pulse Detector

Categories

  • Crypto Strategies
  • Currency
  • For Beginners
  • Forex News
  • Forex Trading Tips & Strategies
  • Investment
  • Technical Analysis
  • Videos

Newsletter

  • Home
  • Contact
  • Privacy Policy
  • Store

© 2018 Forex Blog

No Result
View All Result
  • Contact Us
  • Homepages

© 2018 Forex Blog.