{"id":26447,"date":"2022-04-26T05:41:00","date_gmt":"2022-04-26T04:41:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=26447"},"modified":"2022-04-26T11:09:17","modified_gmt":"2022-04-26T10:09:17","slug":"market-insight-top-sentiment-trades-this-week-22","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/","title":{"rendered":"Market Insight – Top Sentiment Trades This Week"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Sentiment towards a number of the major currencies is starting to reach the euphoric level, which could be a warning that the US dollar long trade may be either warming up or coming to an end. Now is a great time to check out how traders feel about some of the majors, as they look for contrarian trading signals via sentiment readings.<\/p>

Trading sentiment is most effective when retail traders are running counter trend, meaning that they are heavily leaning against established market trends and in increasingly large numbers. Additionally, once big sentiment skews build it can be a powerful sign that the retail crowd are being too one-sided.<\/p>

Typically, market sentiment readings for an instrument that has reached around 75 to 80 percent is considered to be at an extreme level, while market sentiment readings over 80 to 95 percent is often a strong indication that the trade could be topping or about to reverse at any time.<\/p>

I will now look at some the strongest sentiment bias amongst the retail crowd right now. Some of the sentiment skews suggest that current price trends in FX, stocks<\/a>, and precious metals<\/a> are breaking point and big moves may be nearing.<\/p>

GBPUSD<\/a> – Euphoric skew<\/strong><\/p>

According to the ActivTrader Market Sentiment tool traders a large majority of traders are now bullish towards sterling, despite the index crashing through the 1.2800 support area at the start of the week.<\/p>

The ActivTrader Market Sentiment tool shows that 80 percent of traders are expecting more upside in the British currency. Given the bullish bias, sentiment is basically warning that more downside is coming.<\/p>

I think the technicals are very good for a rebound. Couple this with the bullish sentiment bias, I think that retail is probably right about the direction, but they are undergoing one hell of a squeeze right now.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

EURUSD – Still Bullish<\/strong><\/p>

The ActivTrader market sentiment tool shows that 73 percent of traders are bullish towards the EURUSD<\/a>, following its recent large price drop towards the 1.0700 price region earlier this week.<\/p>

Traders are still expecting more gains, with 73 percent of traders bullish according to the ActivTrader platform. Given that retail traders are usually on the wrong side of the trade, this is either a turning or continuation point for the euro\u2019s downtrend.<\/p>

In order for the bulls to be right, we really need to see the EURUSD pair recover towards the 1.0900 level. This would probably signal that the worst is over for the single in the short to medium-term.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

US DOLLAR INDEX – Overheated<\/strong><\/p>

Market sentiment towards the US dollar is becoming more bearish, which is not very surprising given that the US political situation, and that typically benefits other currencies, however, this is not the case with the greenback under the Biden Presidency.<\/p>

The ActivTrader market sentiment tool showing that some 85 percent of traders currently bearish towards the world\u2019s leading currency, meaning that retail is on the whole very downbeat on the buck.<\/p>

I think that the current sentiment is worrying, especially if we consider that the US dollar index<\/a> has a substantial amount of upside potential if it blows past the 2020 highs. The next few days will be critical for sentiment.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Sentiment towards a number of the major currencies is starting to reach the euphoric level, which could be a warning that the US dollar long trade may be either warming up or coming to an end. Now is a great time to check out how traders feel about some of the majors, as they look […]<\/p>\n","protected":false},"author":4,"featured_media":26449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[18,20,40],"yoast_head":"\nMarket Insight - Top Sentiment Trades This Week - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Insight - Top Sentiment Trades This Week Market Insight - Top Sentiment Trades This Week\" \/>\n<meta property=\"og:description\" content=\"Sentiment towards a number of the major currencies is starting to reach the euphoric level, which could be a warning that the US dollar long trade may be either warming up or coming to an end. Now is a great time to check out how traders feel about some of the majors, as they look for contrarian trading signals via sentiment readings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-26T04:41:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-26T10:09:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/GettyImages-1312768788.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"534\" \/>\n\t<meta property=\"og:image:height\" content=\"280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Insight - Top Sentiment Trades This Week Market Insight - Top Sentiment Trades This Week\" \/>\n<meta name=\"twitter:description\" content=\"Sentiment towards a number of the major currencies is starting to reach the euphoric level, which could be a warning that the US dollar long trade may be either warming up or coming to an end. Now is a great time to check out how traders feel about some of the majors, as they look for contrarian trading signals via sentiment readings.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Insight – Top Sentiment Trades This Week\",\"datePublished\":\"2022-04-26T04:41:00+00:00\",\"dateModified\":\"2022-04-26T10:09:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"EURUSD\",\"GBPUSD\",\"US DOLLAR INDEX\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/\",\"url\":\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/\",\"name\":\"Market Insight - Top Sentiment Trades This Week - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-04-26T04:41:00+00:00\",\"dateModified\":\"2022-04-26T10:09:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market Insight – Top Sentiment Trades This Week\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Market Insight - Top Sentiment Trades This Week - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/","og_locale":"en_GB","og_type":"article","og_title":"Market Insight - Top Sentiment Trades This Week Market Insight - Top Sentiment Trades This Week","og_description":"Sentiment towards a number of the major currencies is starting to reach the euphoric level, which could be a warning that the US dollar long trade may be either warming up or coming to an end. Now is a great time to check out how traders feel about some of the majors, as they look for contrarian trading signals via sentiment readings.","og_url":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-04-26T04:41:00+00:00","article_modified_time":"2022-04-26T10:09:17+00:00","og_image":[{"width":534,"height":280,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/GettyImages-1312768788.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Market Insight - Top Sentiment Trades This Week Market Insight - Top Sentiment Trades This Week","twitter_description":"Sentiment towards a number of the major currencies is starting to reach the euphoric level, which could be a warning that the US dollar long trade may be either warming up or coming to an end. Now is a great time to check out how traders feel about some of the majors, as they look for contrarian trading signals via sentiment readings.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Market Insight – Top Sentiment Trades This Week","datePublished":"2022-04-26T04:41:00+00:00","dateModified":"2022-04-26T10:09:17+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/"},"wordCount":535,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["EURUSD","GBPUSD","US DOLLAR INDEX"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/","url":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/","name":"Market Insight - Top Sentiment Trades This Week - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-04-26T04:41:00+00:00","dateModified":"2022-04-26T10:09:17+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/market-insight-top-sentiment-trades-this-week-22\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Market Insight – Top Sentiment Trades This Week"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/26447"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=26447"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/26447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/26449"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=26447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=26447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=26447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}