Variety of merchants net-short has decreased by 16.31% from final week. SYMBOL
Variety of merchants net-short has decreased by 16.31% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
AUD/USD |
BEARISH |
50.55% |
49.45% |
13.72%
-4.43% |
-20.30%
-16.31% |
-6.10%
-10.69% |
AUD/USD: Retail dealer knowledge exhibits 50.55% of merchants are net-long with the ratio of merchants lengthy to quick at 1.02 to 1. In reality, merchants have remained net-long since Jan 20 when AUD/USD traded close to 0.78, value has moved 0.96% decrease since then. The variety of merchants net-long is 13.72% greater than yesterday and 4.43% decrease from final week, whereas the variety of merchants net-short is 20.30% decrease than yesterday and 16.31% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests AUD/USD costs might proceed to fall.
Our knowledge exhibits merchants are actually net-long AUD/USD for the primary time since Jan 20, 2021 06:00 GMT when AUD/USD traded close to 0.78. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger AUD/USD-bearish contrarian buying and selling bias.