Which markets are most net-long? Which are net-short? OANDA’s sentiment tool gives you an at-a-glance view of the most popular instruments to help you make the decisions to build and refine your strategies for trading.
The information presented includes client data from both OANDA Corporation and some clients from other OANDA entities globally (specifically entities based in UK, Singapore, Australia, Canada and Japan).
Past performance is not indicative of future results. This data is provided for general informational purposes only. It is not to be construed as a recommendation or investment advice. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading.
Predicting markets is hard. Some traders use fundamental analysis to attempt to figure out the effect of news and economic data releases. Others approach markets from the technical analysis side, using historical price action charts, indicators, and tools to interpret the current conditions and traders’ bias reflected in the current price.
You can also look at what others are doing. Being able to confirm market sentiment through empirical evidence is as close to understanding what others' bias is as you can get when trading in any open market.
Using our Sentiment Tool you can see the OANDA traders’ positions sentiment for 20 most traded instruments for the last seven days and sort them by most long or short bias expressed through their positions. A position is shown as 'net-short' when total short positions outweigh long positions. Similarly, a position is shown as 'net-long' when long positions exceed short positions.
You can decide whether you would like to go along with or against the crowd while forming your trading strategy using this tool. Used together with other tools and indicators, OANDA Sentiment can supplement the decision process for whether or not to enter the trade, and in which direction, or close an existing one.
