Number of traders net-short has increased by 29.83% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
---|---|---|---|---|---|---|
NZD/USD | BULLISH | 48.80% | 51.20% |
-11.46% Daily -11.81% Weekly |
17.50% Daily 29.83% Weekly |
1.32% Daily 5.52% Weekly |
Change in | Longs | Shorts | OI |
Daily | -12% | 21% | 2% |
Weekly | -9% | 36% | 9% |
NZD/USD: Retail trader data shows 48.80% of traders are net-long with the ratio of traders short to long at 1.05 to 1. In fact, traders have remained net-short since Jul 19 when NZD/USD traded near 0.63, price has moved 1.09% lower since then. The number of traders net-long is 11.46% lower than yesterday and 11.81% lower from last week, while the number of traders net-short is 17.50% higher than yesterday and 29.83% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests NZD/USD prices may continue to rise.
Our data shows traders are now net-short NZD/USD for the first time since Jul 19, 2023 when NZD/USD traded near 0.63. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
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