Variety of merchants net-short has elevated by 13.98% from final week. SYMBOL
Variety of merchants net-short has elevated by 13.98% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BULLISH |
49.72% |
50.28% |
11.72%
-9.99% |
30.57%
13.98% |
20.47%
0.65% |
AUD/USD: Retail dealer knowledge reveals 49.72% 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 Feb 26 when AUD/USD traded close to 0.77, value has moved 0.52% decrease since then. The variety of merchants net-long is 11.72% increased than yesterday and 9.99% decrease from final week, whereas the variety of merchants net-short is 30.57% increased than yesterday and 13.98% increased from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests AUD/USD costs might proceed to rise.
Our knowledge reveals merchants at the moment are net-short AUD/USD for the primary time since Feb 26, 2021 when AUD/USD traded close to 0.77. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger AUD/USD-bullish contrarian buying and selling bias.
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