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Home Technical Analysis

00 GMT when Germany 30 traded near 12,883.50.

Forex Tips by Forex Tips
October 16, 2020
in Technical Analysis
0
00 GMT when Germany 30 traded near 12,883.50.
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Germany 30 Client Positioning

Number of traders net-short has decreased by 32.65% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Germany 30

BEARISH

58.22%

41.78%

33.10%
Daily

67.04%
Weekly

-27.71%
Daily

-32.65%
Weekly

-1.51%
Daily

3.21%
Weekly

Germany 30: Retail trader data shows 58.22% of traders are net-long with the ratio of traders long to short at 1.39 to 1. In fact, traders have remained net-long since Oct 05 when Germany 30 traded near 12,883.50, price has moved 1.96% lower since then. The number of traders net-long is 33.10% higher than yesterday and 67.04% higher from last week, while the number of traders net-short is 27.71% lower than yesterday and 32.65% 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 Oct 05, 2020 12:00 GMT when Germany 30 traded near 12,883.50. 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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