Variety of merchants net-short has decreased by 10.18% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 10.18% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
NZD/USD |
BEARISH |
58.83% |
41.17% |
3.22%
-6.12% |
-2.76%
-10.18% |
0.67%
-7.83% |
NZD/USD: Retail dealer knowledge reveals 58.83% of merchants are net-long with the ratio of merchants lengthy to quick at 1.43 to 1. Our knowledge reveals merchants are actually at their most net-long NZD/USD since Mar 29 when NZD/USD traded close to 0.70. The variety of merchants net-long is 3.22% increased than yesterday and 6.12% decrease from final week, whereas the variety of merchants net-short is 2.76% decrease than yesterday and 10.18% 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 might proceed to fall.
Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger NZD/USD-bearish contrarian buying and selling bias.
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