Variety of merchants net-short has elevated by 114.67% from final week. SYMBOL
Variety of merchants net-short has elevated by 114.67% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
EUR/CHF |
BULLISH |
44.48% |
55.52% |
2.38%
-36.76% |
22.90%
114.67% |
12.84%
3.94% |
EUR/CHF: Retail dealer information exhibits 44.48% of merchants are net-long with the ratio of merchants brief to lengthy at 1.25 to 1. Our information exhibits merchants are actually at their least net-long EUR/CHF since Nov 29 when EUR/CHF traded close to 1.10. The variety of merchants net-long is 2.38% increased than yesterday and 36.76% decrease from final week, whereas the variety of merchants net-short is 22.90% increased than yesterday and 114.67% increased from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests EUR/CHF costs might proceed to rise.
Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger EUR/CHF-bullish contrarian buying and selling bias.