Number of traders net-short has increased by 3.25% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OINZD
Number of traders net-short has increased by 3.25% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| NZD/USD | BEARISH | 50.20% | 49.80% |
2.81% Daily 9.87% Weekly |
-13.31% Daily 3.25% Weekly |
-5.90% Daily 6.47% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 4% | -10% | -4% |
| Weekly | 11% | 4% | 7% |
NZD/USD: Retail trader data shows 50.20% 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 May 15 when NZD/USD traded near 0.61, price has moved 0.16% lower since then. The number of traders net-long is 2.81% higher than yesterday and 9.87% higher from last week, while the number of traders net-short is 13.31% lower than yesterday and 3.25% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests NZD/USD prices may continue to fall.
Our data shows traders are now net-long NZD/USD for the first time since May 15, 2024 13:00 GMT when NZD/USD traded near 0.61. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
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