Number of traders net-short has decreased by 17.48% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIAU
Number of traders net-short has decreased by 17.48% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/JPY | BEARISH | 50.37% | 49.63% |
26.38% Daily 49.28% Weekly |
-9.78% Daily -17.48% Weekly |
5.41% Daily 6.51% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 26% | -10% | 5% |
| Weekly | 49% | -17% | 7% |
AUD/JPY: Retail trader data shows 50.37% 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 Sep 13 when AUD/JPY traded near 94.60, price has moved 6.55% higher since then. The number of traders net-long is 26.38% higher than yesterday and 49.28% higher from last week, while the number of traders net-short is 9.78% lower than yesterday and 17.48% 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.
Our data shows traders are now net-long AUD/JPY for the first time since Sep 13, 2023 when AUD/JPY traded near 94.60. 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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