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Home Technical Analysis

00 GMT when Germany 30 traded near 12,854.80.

Forex Tips by Forex Tips
August 21, 2020
in Technical Analysis
0
00 GMT when Germany 30 traded near 12,854.80.
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Germany 30 Client Positioning

Number of traders net-short has decreased by 7.06% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Germany 30

BEARISH

50.81%

49.19%

14.95%
Daily

12.29%
Weekly

-16.47%
Daily

-7.06%
Weekly

-3.00%
Daily

1.86%
Weekly

Germany 30: Retail trader data shows 50.81% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Aug 14 when Germany 30 traded near 12,854.80, price has moved 1.10% lower since then. The number of traders net-long is 14.95% higher than yesterday and 12.29% higher from last week, while the number of traders net-short is 16.47% lower than yesterday and 7.06% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Germany 30 prices may continue to fall.

Our data shows traders are now net-long Germany 30 for the first time since Aug 14, 2020 13:00 GMT when Germany 30 traded near 12,854.80. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.





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