Variety of merchants net-short has decreased by 20.61% from final week. SYMBOL
Variety of merchants net-short has decreased by 20.61% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
NZD/USD |
BEARISH |
50.27% |
49.73% |
43.41%
41.76% |
-7.81%
-20.61% |
12.37%
1.94% |
NZD/USD: Retail dealer knowledge reveals 50.27% of merchants are net-long with the ratio of merchants lengthy to quick at 1.01 to 1. In truth, merchants have remained net-long since Sep 30 when NZD/USD traded close to 0.66, worth has moved 5.71% larger since then. The variety of merchants net-long is 43.41% larger than yesterday and 41.76% larger from final week, whereas the variety of merchants net-short is 7.81% decrease than yesterday and 20.61% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests NZD/USD costs could proceed to fall.
Our knowledge reveals merchants at the moment are net-long NZD/USD for the primary time since Sep 30, 2020 when NZD/USD traded close to 0.66. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger NZD/USD-bearish contrarian buying and selling bias.
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