We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Aston Martin (AML) share price in pieces...down 4% at 75p. Down over 95% since floating (October 2018). #astonmartin #aml #trading Prices and chart via @IGcom https://t.co/M0kVzTvKZH
  • Tune in to @nickcawley1 's #webinar at 6:30 AM ET/10:30 AM GMT to prepare for key UK events and markets in the week ahead. Register here: https://t.co/xewSeUoDaT https://t.co/u4cffZFfrY
  • 🇬🇧 GBP Markit/CIPS UK Construction PMI (MAR), Actual: 39.3 Expected: 44.0 Previous: 52.6 https://www.dailyfx.com/economic-calendar#2020-04-06
  • Heads Up:🇬🇧 GBP Markit/CIPS UK Construction PMI (MAR) due at 08:30 GMT (15min), Actual: N/A Expected: 44.0 Previous: 52.6 https://www.dailyfx.com/economic-calendar#2020-04-06
  • Análisis $AUDUSD: aumenta la demanda de AUD ante la disipación de la aversión al riesgo, rechazo en 0.6050 #aud #usd #trading #Covid_19 https://t.co/lRBeOuA5F8
  • RT @elonmusk: Logarithm graphs coming soon https://t.co/Fc81TDSQgc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.45%, while traders in US 500 are at opposite extremes with 68.67%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PtZHbbcWSX
  • Hey, traders 👋 do you want live AMAS with our analysts, market updates and tools to improve your trading strategy? Join us now on Instagram! 👉 https://t.co/pHGzVMqsC4 https://t.co/jd1Mx0kNx3
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.89% Gold: 0.50% Oil - US Crude: 0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/w82GQITe4o
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.73% 🇳🇿NZD: 0.66% 🇨🇦CAD: 0.57% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.04% 🇯🇵JPY: -0.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/WWr9d5Rcrs
Bitcoin Likely to Remain Above 6200 Based on Sentiment

Bitcoin Likely to Remain Above 6200 Based on Sentiment

2018-09-11 19:00:00
Abdullah AlAmoudi,
Share:
Bitcoin may trade higher based on sentiment

Majority of Bitcoin Traders Remain Net-Long

Bitcoin: Retail trader data shows 77.6% of traders are net-long with the ratio of traders long to short at 3.46 to 1. The number of traders net-long is 0.7% higher than yesterday and 9.1% lower from last week, while the number of traders net-short is 0.9% higher than yesterday and 8.1% lower from last week.

Be sure to check out our Bitcoin Trading Guide if you're new to cryptocurrencies!

Sentiment Suggests Bitcoin May Reverse Higher

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Abdullah AlAmoudi, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.