Technical Analysis

GBPUSD: Merchants Stay Internet-Quick

GBPUSD

TRADERS NET-SHORT INCREASED FROM LAST WEEK

GBPUSD: Retail dealer information reveals 46.zero% of merchants are net-long with the ratio of merchants brief to lengthy at 1.17 to 1. The variety of merchants net-long is three.9% larger than yesterday and 22.four% decrease from final week, whereas the variety of merchants net-short is 2.1% larger than yesterday and 34.9% larger from final week.

GBPUSD SENTIMENT SUGGESTS A MIXED BIAS

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests GBPUSD costs could proceed to rise. Positioning is much less net-short than yesterday however extra net-short from final week. The mixture of present sentiment and up to date adjustments offers us an additional blended GBPUSD buying and selling bias.

— Written by Nancy Pakbaz, CFA, DailyFX Analysis


Clickbank Promo Tools
Wiadforex
Wiadforex is a big online financial news, technical, fundamental analysis, trade ideas, option and educational site with a focus on Nigeria, Africa and world in general. This is an independent online forex platform. That is publish by Wiad Consultancy Services
http://www.wiadforex.com

Leave a Reply

Your email address will not be published. Required fields are marked *


Recommended Clickbank Products