Number of traders net-short has decreased by 14.71% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OINZ
Number of traders net-short has decreased by 14.71% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| NZD/USD | BEARISH | 50.43% | 49.57% |
16.83% Daily 43.90% Weekly |
-1.69% Daily -14.71% Weekly |
6.85% Daily 7.34% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 7% | 2% | 4% |
| Weekly | 34% | -13% | 5% |
NZD/USD: Retail trader data shows 50.43% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Dec 21 when NZD/USD traded near 0.63, price has moved 0.78% lower since then. The number of traders net-long is 16.83% higher than yesterday and 43.90% higher from last week, while the number of traders net-short is 1.69% lower than yesterday and 14.71% 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.
Our data shows traders are now net-long NZD/USD for the first time since Dec 21, 2023 when NZD/USD traded near 0.63. 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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