Daily FX Retail Trader Contrarian Analysis 8th Oct

This daily report is designed to help traders find opportunities to trade against this group. The premise is very simple we are looking for 66% of retail traders to be trading either long or short a currency pair, we then look for opportunities to fade (trade against) this group. For example if 72.99% of traders are long the USD/CHF we look for opportunities to short that pair.

The pairs that we feel offer the highest opportunity for success are described in the Shortand Long Zones.

What’s New Today? Seeing a weakening in the retail short positions in EUR/USD, would advise caution with longs in this pair today. Retail positioning against JPY strength remains firm across the JPY crosses.