Variety of merchants net-short has decreased by 4.05% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has decreased by 4.05% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BEARISH |
51.47% |
48.53% |
16.34%
8.63% |
-20.25%
-4.05% |
-4.84%
2.09% |
AUD/USD: Retail dealer information reveals 51.47% of merchants are net-long with the ratio of merchants lengthy to brief at 1.06 to 1. Actually, merchants have remained net-long since Jun 04 when AUD/USD traded close to 0.77, value has moved 0.56% decrease since then. The variety of merchants net-long is 16.34% greater than yesterday and eight.63% greater from final week, whereas the variety of merchants net-short is 20.25% decrease than yesterday and 4.05% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests AUD/USD costs might proceed to fall.
Our information reveals merchants are actually net-long AUD/USD for the primary time since Jun 04, 2021 15:00 GMT when AUD/USD traded close to 0.77. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger AUD/USD-bearish contrarian buying and selling bias.
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