Variety of merchants net-short has elevated by 99.47% from final week. SYMBOL
Variety of merchants net-short has elevated by 99.47% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.80% |
50.20% |
5.78%
-22.92% |
68.00%
99.47% |
29.94%
11.39% |
AUD/USD: Retail dealer information exhibits 49.80% of merchants are net-long with the ratio of merchants quick to lengthy at 1.01 to 1. In reality, merchants have remained net-short since Jan 06 when AUD/USD traded close to 0.69, value has moved 17.08% decrease since then. The variety of merchants net-long is 5.78% increased than yesterday and 22.92% decrease from final week, whereas the variety of merchants net-short is 68.00% increased than yesterday and 99.47% increased from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests AUD/USD costs might proceed to rise.
Our information exhibits merchants at the moment are net-short AUD/USD for the primary time since Jan 06, 2020 when AUD/USD traded close to 0.69. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger AUD/USD-bullish contrarian buying and selling bias.