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Number of traders net-short has increased by 13.92% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.85% |
50.15% |
-3.24%
9.47% |
45.93%
13.92% |
16.44%
11.66% |
AUD/USD: Retail trader data shows 49.85% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Aug 01 when AUD/USD traded near 0.70, price has moved 0.42% lower since then. The number of traders net-long is 3.24% lower than yesterday and 9.47% higher from last week, while the number of traders net-short is 45.93% higher than yesterday and 13.92% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/USD prices may continue to rise.
Our data shows traders are now net-short AUD/USD for the first time since Aug 01, 2022 14:00 GMT when AUD/USD traded near 0.70. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
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