Variety of merchants net-short has decreased by 20.54% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 20.54% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
NZD/USD |
BEARISH |
50.76% |
49.24% |
10.21%
26.55% |
-8.25%
-20.54% |
0.28%
-2.03% |
NZD/USD: Retail dealer information reveals 50.76% of merchants are net-long with the ratio of merchants lengthy to quick at 1.03 to 1. In reality, merchants have remained net-long since Apr 06 when NZD/USD traded close to 0.71, worth has moved 2.42% greater since then. The variety of merchants net-long is 10.21% greater than yesterday and 26.55% greater from final week, whereas the variety of merchants net-short is 8.25% decrease than yesterday and 20.54% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests NZD/USD costs could proceed to fall.
Our information reveals merchants at the moment are net-long NZD/USD for the primary time since Apr 06, 2021 when NZD/USD traded close to 0.71. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger NZD/USD-bearish contrarian buying and selling bias.
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