Number of traders net-short has decreased by 20.25% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIAU
Number of traders net-short has decreased by 20.25% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/JPY | BEARISH | 60.00% | 40.00% |
-5.34% Daily -5.80% Weekly |
-25.29% Daily -20.25% Weekly |
-14.47% Daily -12.16% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -5% | -25% | -14% |
| Weekly | -6% | -20% | -12% |
AUD/JPY: Retail trader data shows 60.00% of traders are net-long with the ratio of traders long to short at 1.50 to 1. Our data shows traders are now at their most net-long AUD/JPY since Jul 26 when AUD/JPY traded near 100.60. The number of traders net-long is 5.34% lower than yesterday and 5.80% lower from last week, while the number of traders net-short is 25.29% lower than yesterday and 20.25% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/JPY prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
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