Variety of merchants net-short has decreased by 57.79% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 57.79% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/CHF |
BEARISH |
78.11% |
21.89% |
6.42%
11.54% |
-53.57%
-57.79% |
-17.04%
-17.96% |
EUR/CHF: Retail dealer information reveals 78.11% of merchants are net-long with the ratio of merchants lengthy to quick at 3.57 to 1. Our information reveals merchants are actually at their most net-long EUR/CHF since Jan 19 when EUR/CHF traded close to 1.08. The variety of merchants net-long is 6.42% increased than yesterday and 11.54% increased from final week, whereas the variety of merchants net-short is 53.57% decrease than yesterday and 57.79% 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.
Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger EUR/CHF-bearish contrarian buying and selling bias.
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