Are retail traders long or short EUR/USD?

As of October 21, 2026, 71% of retail traders are long EUR/USD and 29% are short, blended across the Dukascopy, Myfxbook and Saxo crowds.

What percentage of retail traders are long gold?

As of October 21, 2026, 50% of retail traders are long gold (XAU/USD) and 50% are short, blended across the Dukascopy, Myfxbook and Saxo crowds.

Is retail forex sentiment a contrarian indicator?

Retail crowd positioning is widely used as a contrarian indicator. When the retail crowd is heavily one-sided — especially against institutional positioning such as CFTC speculators and bank consensus — the crowded trade has historically tended to unwind, moving price the other way.

What is the difference between Myfxbook and Dukascopy positioning?

Myfxbook Community Outlook tracks live long/short positions across the Myfxbook network of retail accounts; Dukascopy SWFX reflects positioning at the Dukascopy marketplace. We blend the two into a single cross-broker consensus per instrument — where both crowds agree, the signal is firmer.

Retail Positioning

Where the retail crowd is long & short

As of October 21, 2026, retail traders are most crowded long on EUR/CAD (80% long) and most crowded short on WTI Crude (78% short), blended across the Dukascopy, Myfxbook and Saxo crowds. The crowd diverges from the bank + CFTC consensus on 7 instruments — a contrarian setup on each.

28Instruments

2Broker sources

7Contrarian setups

Smart money vs crowd

Where the crowd opposes the banks & specs

Retail crowd direction lined up against CFTC speculative positioning and sell-side bank consensus, on one axis — bullish or bearish the currency versus the dollar. When the crowd is heavily one-sided against both institutional reads, the crowded trade is a candidate to fade.

Retail crowd positioning compared with CFTC speculative positioning and sell-side bank consensus for major currencies versus the US dollar, with a contrarian signal where the crowd opposes both institutional reads.
Currency	Retail crowd	Specs · CFTC	Banks	Signal
NZD/USD	Bullish75% long / 25% short	Bearish	Bearish	ContrarianCrowd long — banks & specs both bearish
EUR/USD	Bullish71% long / 29% short	Bearish	Bearish	ContrarianCrowd long — banks & specs both bearish
AUD/USD	Bearish30% long / 70% short	Bullish	Bearish	MildCrowd short vs CFTC specs
GBP/USD	Bearish33% long / 67% short	Bullish	Bearish	MildCrowd short vs CFTC specs
USD/CAD	Bullish35% long / 65% short	Bearish	Bullish	MildCrowd long vs CFTC specs
USD/JPY	Bullish45% long / 55% short	Bearish	Bullish	MildCrowd long vs CFTC specs
USD/CHF	Bearish52% long / 48% short	Bearish	Bullish	MildCrowd short vs bank consensus
USD/MXN	Bullish28% long / 72% short	Bullish	Bullish	AlignedAligned with smart money

Open the full Smart Money vs Crowd dashboard →

Contrarian setups

Most one-sided crowd trades right now

Pairs where retail is most heavily positioned against the institutional consensus, strongest signal first.

NZD/USDContrarian

75% long25% short

Crowd long — banks & specs both bearish

EUR/USDContrarian

71% long29% short

Crowd long — banks & specs both bearish

AUD/USDMild

30% long70% short

Crowd short vs CFTC specs

GBP/USDMild

33% long67% short

Crowd short vs CFTC specs

USD/CADMild

35% long65% short

Crowd long vs CFTC specs

USD/JPYMild

45% long55% short

Crowd long vs CFTC specs

USD/CHFMild

52% long48% short

Crowd short vs bank consensus

Crowd extremes

Most one-sided crowds — EM, crosses & commodities

Instruments where retail is heavily positioned one way. There is no institutional cross-check for these (CFTC + bank coverage is G10-major only), so read them as a crowding flag, not a confirmed contrarian signal.

EUR/CADCrowd extreme

80% long20% short

WTI CrudeCrowd extreme

Brent CrudeCrowd extreme

29% long71% short

Full crowd table

Retail long / short — FX majors, EM & crosses

Live crowd positioning blended across the Myfxbook and Dukascopy crowds. Net = percentage points net long the pair.

Retail crowd long/short positioning per instrument, blended across the Myfxbook and Dukascopy crowds. Net = percentage points net long.
Instrument	Crowd long / short	Net	Detail
FX Majors
NZD/USD NZD/USD bank consensus	75% long25% short	+50	Detail →
EUR/USD EUR/USD bank consensus	71% long29% short	+42	Detail →
AUD/USD AUD/USD bank consensus	30% long70% short	-39	Detail →
GBP/USD GBP/USD bank consensus	33% long67% short	-35	Detail →
USD/CAD USD/CAD bank consensus	35% long65% short	-29	Detail →
USD/JPY USD/JPY bank consensus	45% long55% short	-10	Detail →
USD/CHF USD/CHF bank consensus	52% long48% short	+4	Detail →
EM FX
USD/ZAR USD/ZAR bank consensus	28% long72% short	-44	Detail →
USD/MXN USD/MXN bank consensus	28% long72% short	-43	Detail →
USD/TRY USD/TRY bank consensus	37% long63% short	-26	Detail →
FX Crosses
EUR/CAD	80% long20% short	+61	Detail →
NZD/JPY	78% long22% short	+55	Detail →
AUD/NZD	23% long77% short	-53	Detail →
EUR/JPY	74% long26% short	+48	Detail →
EUR/CHF	73% long27% short	+46	Detail →
GBP/CAD	32% long68% short	-36	Detail →
EUR/GBP	68% long32% short	+35	Detail →
CAD/JPY	68% long32% short	+35	Detail →
EUR/AUD	65% long35% short	+30	Detail →
AUD/JPY	38% long62% short	-24	Detail →
GBP/JPY	62% long38% short	+24	Detail →
EUR/NZD	56% long44% short	+13	Detail →
GBP/CHF	56% long44% short	+12	Detail →
CHF/JPY	48% long52% short	-4	Detail →

Broker breakdown

Myfxbook vs Dukascopy — where the crowds agree

The two broker crowds side by side. Where both lean the same way, the cross-broker consensus is firmer; where they split, retail sentiment is contested.

AUD/USDBrokers agree

Dukascopy27% / 73%

Myfxbook48% / 52%

saxo16% / 84%

EUR/CHFBrokers agree

Dukascopy73% / 27%

Myfxbook77% / 23%

saxo69% / 31%

EUR/GBPBrokers split

Dukascopy71% / 29%

Myfxbook95% / 5%

saxo37% / 63%

EUR/JPYBrokers agree

Dukascopy74% / 26%

Myfxbook55% / 45%

saxo93% / 7%

EUR/USDBrokers agree

Dukascopy67% / 33%

Myfxbook81% / 19%

saxo65% / 35%

GBP/USDBrokers agree

Dukascopy28% / 72%

Myfxbook32% / 68%

saxo38% / 62%

Gold (XAU/USD)Brokers split

Dukascopy72% / 28%

Myfxbook60% / 40%

saxo17% / 83%

Silver (XAG/USD)Brokers split

Dukascopy72% / 28%

Myfxbook62% / 38%

saxo1% / 99%

USD/CADBrokers agree

Dukascopy27% / 73%

Myfxbook38% / 62%

saxo41% / 59%

USD/CHFBrokers split

Dukascopy75% / 25%

Myfxbook44% / 56%

saxo37% / 63%

USD/JPYBrokers split

Dukascopy26% / 74%

Myfxbook49% / 51%

saxo60% / 40%

AUD/JPYBrokers agree

Dukascopy40% / 60%

Myfxbook36% / 64%

AUD/NZDBrokers agree

Dukascopy30% / 70%

Myfxbook17% / 83%

CAD/JPYBrokers agree

Dukascopy73% / 27%

Myfxbook62% / 38%

CHF/JPYBrokers split

Dukascopy35% / 65%

Myfxbook61% / 39%

EUR/AUDBrokers split

Dukascopy40% / 60%

Myfxbook90% / 10%

EUR/CADBrokers agree

Dukascopy72% / 28%

Myfxbook89% / 11%

EUR/NZDBrokers split

Dukascopy65% / 35%

Myfxbook48% / 52%

GBP/CADBrokers agree

Dukascopy27% / 73%

Myfxbook37% / 63%

GBP/CHFBrokers split

Dukascopy73% / 27%

Myfxbook39% / 61%

GBP/JPYBrokers split

Dukascopy75% / 25%

Myfxbook49% / 51%

NZD/JPYBrokers agree

Dukascopy73% / 27%

Myfxbook82% / 18%

NZD/USDBrokers agree

Dukascopy71% / 29%

Myfxbook79% / 21%

USD/MXNBrokers agree

Dukascopy28% / 72%

Myfxbook29% / 71%

USD/TRYBrokers split

Dukascopy74% / 26%

Myfxbook0% / 100%

USD/ZARBrokers agree

Dukascopy29% / 71%

Myfxbook27% / 73%

WTI CrudeBrokers agree

Dukascopy44% / 56%

Myfxbook0% / 100%

Brent CrudeSingle source

Dukascopy29% / 71%

Commodities

Retail positioning in gold, silver & oil

Crowd long/short for metals and energy — the part of the picture the FX-only consensus table can't show.

Retail crowd long/short positioning per instrument, blended across the Myfxbook and Dukascopy crowds. Net = percentage points net long.
Instrument	Crowd long / short	Net	Detail
Metals
Silver	45% long55% short	-10	Detail →
Gold	50% long50% short	flat	Detail →
Energy
WTI	22% long78% short	-56	Detail →
Brent1 src	29% long71% short	-41	Detail →

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Where the crowd opposes the banks & specs

Most one-sided crowd trades right now

Most one-sided crowds — EM, crosses & commodities

Retail long / short — FX majors, EM & crosses

Myfxbook vs Dukascopy — where the crowds agree

Retail positioning in gold, silver & oil