Variety of merchants net-short has decreased by 39.38% from final week. SYMBOL
Variety of merchants net-short has decreased by 39.38% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BEARISH |
50.03% |
49.97% |
21.21%
33.02% |
-35.10%
-39.38% |
-15.45%
-16.70% |
AUD/USD: Retail dealer knowledge reveals 50.03% of merchants are net-long with the ratio of merchants lengthy to quick at 1.00 to 1. Actually, merchants have remained net-long since Feb 02 when AUD/USD traded close to 0.76, value has moved 1.93% larger since then. The variety of merchants net-long is 21.21% larger than yesterday and 33.02% larger from final week, whereas the variety of merchants net-short is 35.10% decrease than yesterday and 39.38% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests AUD/USD costs could proceed to fall.
Our knowledge reveals merchants are actually net-long AUD/USD for the primary time since Feb 02, 2021 when AUD/USD traded close to 0.76. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger AUD/USD-bearish contrarian buying and selling bias.
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