Number of traders net-short has increased by 31.46% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
NZD/USD |
BULLISH |
49.91% |
50.09% |
-1.76%
-9.12% |
14.29%
31.46% |
5.67%
7.50% |
NZD/USD: Retail trader data shows 49.91% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Apr 15 when NZD/USD traded near 0.68, price has moved 4.44% lower since then. The number of traders net-long is 1.76% lower than yesterday and 9.12% lower from last week, while the number of traders net-short is 14.29% higher than yesterday and 31.46% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests NZD/USD prices may continue to rise.
Our data shows traders are now net-short NZD/USD for the first time since Apr 15, 2022 when NZD/USD traded near 0.68. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
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