Variety of merchants net-short has decreased by 17.22% from final week. SYMBOL
Variety of merchants net-short has decreased by 17.22% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/CHF |
BEARISH |
50.17% |
49.83% |
13.64%
12.78% |
-1.32%
-17.22% |
5.65%
-4.47% |
EUR/CHF: Retail dealer knowledge reveals 50.17% of merchants are net-long with the ratio of merchants lengthy to quick at 1.01 to 1. Actually, merchants have remained net-long since Nov 16 when EUR/CHF traded close to 1.08, worth has moved 0.14% decrease since then. The variety of merchants net-long is 13.64% larger than yesterday and 12.78% larger from final week, whereas the variety of merchants net-short is 1.32% decrease than yesterday and 17.22% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/CHF costs might proceed to fall.
Our knowledge reveals merchants are actually net-long EUR/CHF for the primary time since Nov 16, 2020 08:00 GMT when EUR/CHF traded close to 1.08. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger EUR/CHF-bearish contrarian buying and selling bias.