Number of traders net-short has decreased by 24.03% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
NZD/USD |
BEARISH |
73.89% |
26.11% |
11.83%
-0.79% |
5.99%
-24.03% |
10.24%
-8.13% |
NZD/USD: Retail trader data shows 73.89% of traders are net-long with the ratio of traders long to short at 2.83 to 1. Our data shows traders are now at their most net-long NZD/USD since Nov 29 when NZD/USD traded near 0.68. The number of traders net-long is 11.83% higher than yesterday and 0.79% lower from last week, while the number of traders net-short is 5.99% higher than yesterday and 24.03% lower 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.
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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