Forexrobots24

forex advisor developer

Germany 30 IG Client Sentiment: 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.

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.