Number of traders net-short has decreased by 10.54% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has decreased by 10.54% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
NZD/USD |
BEARISH |
50.17% |
49.83% |
6.03%
31.14% |
-1.33%
-10.54% |
2.23%
6.43% |
NZD/USD: Retail trader data shows 50.17% 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 Mar 03 when NZD/USD traded near 0.68, price has moved 0.14% lower since then. The number of traders net-long is 6.03% higher than yesterday and 31.14% higher from last week, while the number of traders net-short is 1.33% lower than yesterday and 10.54% 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 Mar 03, 2022 when NZD/USD traded near 0.68. 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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