A list of "multi-platform long-short positions" of more than ten varieties such as gold, Meirui bulls are extremely crowded

Graphic Gold & Forex: Long/Short positions and weighted average for up to 10 platforms at a glance. Below is the latest long/short data as of now (16:00 2023/12/20 Wednesday).

Of which,Dollar/CHF bulls in "unusually crowded" state(See Figure 2 below), the data shows that the largest difference in the long-short ratio of US-Swiss USD/CHF positions is platform 9, with 100% long positions and bearish signals. Among the 10 platforms, platform 1 with the largest weight has 74% long positions and the signal is bearish.

Gold XAU/USD Among the 7 platforms in this chart: the platform with the largest weight is 1, the long position is 48%, and the signal is neutral. The platform with the largest difference in the long-short ratio is platform 5, the long position is 33%, and the signal is too large.

The long-short weighted average signal of the US dollar index is bearish, which gives confidence to the bulls of non-US currencies.

Among the 9 platforms in this chart of USDX, the platform with the largest weight is 1, the long position is 52%, and the signal is neutral. The platform with the largest difference in the long-short ratio is 2, the long position is 77%, and the signal is short.

Among the 10 platforms in this chart, Europe, America and EUR/USD: the platform with the largest weight is 1, the long position is 48%, and the signal is neutral. The platform with the largest difference in the long-short ratio is 2, the long position is 25%, and the signal is too large.

The recent strengthening of commodity currencies on the daily chart still supports bullish long and short positions. As shown in Figure 2 above, the proportion of long positions in the Australian dollar, New Zealand dollar and Canadian dollar is still significantly low, and the long and short weighted average signal is too large. The long and short weighted average of the US dollar against the Canadian dollar suggests that the signal is bearish.

Figure 1: Gold, US dollar index, foreign exchange cross long and short and signal interpretation

Figure 2: Gold, US dollar index, foreign exchange cross long and short and signal interpretation

The so-called "listening is clear, partial belief is dark", looking at the long and short data of trading varieties, this principle may also apply: Therefore, Huitong Finance specially produced this article to display the long and short data of 7-10 trading platforms based on overseas authoritative data, and calculate the weighted average according to the weight of the platform size. For investors who are worried about a reversal or looking for a reversal, this indicator can help to observe whether the variety is in a "crowded trade".

This article coversGold and foreign exchange total 12 popular trading instruments, specifically: Gold XAU/USD, AUD/JPY, AUD/USD, EUR/AUD, EUR/AUD, EUR/JPY, EUR/USD, GBP/JPY, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USDX. For details of each variety, please refer to the special internal reference chart in this article.