Fanpage

facebook.com/eavnshop

+84 888161016

24/7 Customer Support

Mon - Sunday: 24/24

Online store always open

Our data shows traders are now at their most net-long France 40 since Oct 05 when France 40 traded near 7,013.00.

October 19, 2023| Forex Market

[ad_1]

France 40 Client Positioning

Number of traders net-short has decreased by 37.41% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
France 40 BEARISH 67.08% 32.92%

23.34% Daily

64.30% Weekly

-16.17% Daily

-37.41% Weekly

6.78% Daily

7.05% Weekly




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily 27% -19% 7%
Weekly 49% -31% 7%

France 40: Retail trader data shows 67.08% of traders are net-long with the ratio of traders long to short at 2.04 to 1. Our data shows traders are now at their most net-long France 40 since Oct 05 when France 40 traded near 7,013.00. The number of traders net-long is 23.34% higher than yesterday and 64.30% higher from last week, while the number of traders net-short is 16.17% lower than yesterday and 37.41% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.



[ad_2]

Source link

Categories: Trading tips

Get In Touch!

What type of Forex Tool(s) are you interested in ?
How can we reach you ?