Forex Trading Strategies

Our data shows traders are now at their most net-long France 40 since Feb 27 when France 40 traded near 5,388.30.


Number of traders net-short has increased by 2.01% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


France 40

BEARISH

70.40%

29.60%

73.07%
Daily

3.96%
Weekly

-48.89%
Daily

2.01%
Weekly

1.42%
Daily

3.37%
Weekly

France 40: Retail trader data shows 70.40% of traders are net-long with the ratio of traders long to short at 2.38 to 1. Our data shows traders are now at their most net-long France 40 since Feb 27 when France 40 traded near 5,388.30. The number of traders net-long is 73.07% higher than yesterday and 3.96% higher from last week, while the number of traders net-short is 48.89% lower than yesterday and 2.01% higher 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.





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