Number of traders net-short has decreased by 30.50% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has decreased by 30.50% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BEARISH |
50.28% |
49.72% |
15.78%
20.53% |
-15.25%
-30.50% |
-2.06%
-11.71% |
AUD/USD: Retail trader data shows 50.28% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Feb 28 when AUD/USD traded near 0.73, price has moved 0.24% higher since then. The number of traders net-long is 15.78% higher than yesterday and 20.53% higher from last week, while the number of traders net-short is 15.25% lower than yesterday and 30.50% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/USD prices may continue to fall.
Our data shows traders are now net-long AUD/USD for the first time since Feb 28, 2022 11:00 GMT when AUD/USD traded near 0.73. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
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