Sentiment Analysis
The Forex Sentiment Meters offer a powerful visual snapshot of real-time market sentiment across both major currencies and currency pairs. Designed for traders, analysts, and macro investors, these meters consolidate complex positioning and flow data into a single, intuitive view for sentiment analysis enthusiasts.
Each meter reflects whether a currency or pair is currently seen as bullish, bearish, or neutral, based on aggregated sentiment drivers such as retail positioning, speculative futures data, rate expectations, price momentum, and global risk flows—key factors in sentiment analysis. The result is a concise but comprehensive sentiment reading—updated frequently to keep you ahead of market shifts.
Use these meters to complement your technical and fundamental analysis, spot potential reversals or continuations, and meters market bias at a glance. Whether you’re day trading or building macro positioning, sentiment analysis tools like these help you stay in sync with the real-time mood of the market.
Major Currencies
Last updated: 30 October 2025 10:43:27
Major Currency Pairs
Last updated: 30 October 2025 10:43:27
How to Use the Sentiment Meters
The Sentiment Meter Dashboard visually represents real-time bullish or bearish sentiment for:
- Individual currencies (AUD, CAD, CHF, EUR, GBP, JPY, USD) on a scale from -50 to +50
- Currency pairs (e.g. AUD/USD, EUR/JPY) on a scale from -100 to +100
Each meters shows the strength of sentiment using a semi-circular speedometer-style display, with red indicating bearishness and green indicating bullishness.
Understanding the Scale
Currency meters: -50 to +50
- +50: Extremely bullish (strong buying sentiment)
- 0: Neutral
- -50: Extremely bearish (strong selling sentiment)
Forex Sentiment Meter: -100 to +100
- +100: Strong bullish sentiment for the base currency over the quote currency
- 0: Balanced sentiment between both currencies
- -100: Strong bearish sentiment for the base currency (bullish for the quote)
Example: A score of +80 on EUR/USD suggests markets are heavily favouring EUR over USD, a critical insight in sentiment analysis.
What Data Is Used to Compute the Scores
The sentiment scores are calculated using a custom-weighted model that aggregates six real-time sentiment components:
1. Retail Trader Positioning
- Data from retail brokers on long vs short trader ratios
- Interpreted contrarian-style: if the crowd is heavily long, we lean bearish, and vice versa—an essential aspect of sentiment analysis.
2. Speculative Futures Positioning (COT Report)
- Weekly net positioning from the CFTC Commitment of Traders
- Measures how hedge funds and other large specs are positioned
3. Interest Rate & Yield Expectations
- Terminal rate forecasts, yield curve moves, swap spreads
- Higher yield expectations support bullish sentiment
4. Price Momentum & FX Trend
- 1-week to 1-month currency performance
- Trends aligned with strength are rewarded
5. Geopolitical Risk & News Sentiment
- Risk-off flows, interventions, elections, war
- Sudden uncertainty can weigh heavily on a currency’s sentiment according to sentiment analysis.
6. Cross-Asset Risk Sentiment
- Correlation with equities, gold, oil, and VIX
- Risk appetite or fear reflected in FX via proxies
How to Trade with Sentiment
- Overbought sentiment may signal a reversal or exhaustion (fade crowded trades)
- Undervalued sentiment often precedes rebounds
- Combine sentiment analysis with fundamentals and technicals for the best signals.
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Frequently Asked Questions
1. What do the sentiment scores represent?
The sentiment scores reflect current market bias for each currency or currency pair, based on real-time positioning, momentum, and risk sentiment. Positive scores indicate bullish sentiment, while negative scores suggest bearish sentiment.
2. What is the difference between currency and currency pair gauges?
Currency gauges measure sentiment for individual currencies (e.g., EUR, USD) on a -50 to +50 scale. Currency pair gauges (e.g., EUR/USD) show the relative sentiment between two currencies on a -100 to +100 scale.
3. How are the sentiment scores calculated?
Scores are computed using a weighted model that includes:
- Retail trader positioning
- Speculative futures (COT) data
- Yield and rate expectations
- FX price momentum and trend
- Geopolitical/news sentiment
- Cross-asset risk sentiment
4. How often are the sentiment gauges updated?
Sentiment scores are updated as frequently as the data sources allow—typically daily or intra-day. The latest update timestamp is shown below each set of gauges.
5. What does a score of 0 mean?
A score of 0 represents a neutral sentiment—no significant bullish or bearish bias in the current data for that currency or pair.
6. How should I use these gauges in my trading?
Use sentiment gauges to:
- Identify overbought/oversold sentiment
- Spot potential reversals or continuations
- Confirm or challenge your technical/fundamental setups
- Understand market bias during high-impact news events
7. Are these gauges suitable for day trading or longer-term trading?
Both. Short-term traders can use intraday sentiment shifts, while swing and macro traders can use daily and weekly changes to align with positioning flows.
8. Do the gauges consider news or geopolitical risks?
Yes. The model includes geopolitical and macro news sentiment as a weighted component, factoring in events like elections, wars, central bank interventions, and global uncertainty.
9. Can I change the colours or style of the gauges I see?
No — the gauges are styled by the site administrator to ensure consistency across devices. However, the colours are designed to be intuitive: green for bullish sentiment, red for bearish, and grey for neutral. The layout is fully responsive for a clean experience on desktop, tablet, and mobile.
10. Do these gauges predict price direction?
Not directly. They measure market sentiment, not price prediction. However, extreme sentiment levels often signal potential reversals, while aligned sentiment can support trend continuation.