Number of traders net-short has increased by 42.98% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has increased by 42.98% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
NZD/USD |
BULLISH |
49.85% |
50.15% |
0.30%
1.52% |
10.16%
42.98% |
5.02%
18.79% |
NZD/USD: Retail trader data shows 49.85% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Nov 19 when NZD/USD traded near 0.70, price has moved 4.16% lower since then. The number of traders net-long is 0.30% higher than yesterday and 1.52% higher from last week, while the number of traders net-short is 10.16% higher than yesterday and 42.98% 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 Nov 19, 2021 when NZD/USD traded near 0.70. 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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