Our data shows traders are now at their most net-long NZD/USD since Dec 21 when NZD/USD traded near 0.68.

0
95
NZD / USD Customer Positioning

The number of net-short traders fell by 33.94% last week.

SYMBOL

BUSINESS BISAS

RET-LONGA%

NET-SHORT%

CHANGE IN LENGTHS

CHANGE IN SHORTS

CHANGE IN OI

NZD / USD

BEARSH

75.45%

24.55%

-4.01%
Every day

1.21%
Weekly

-24.31%
Every day

—33.94%
Weekly

-9.94%
Every day

-10.48%
Weekly

NZD / USD: Data on retailers show that 75.45% of retailers are net long with the ratio of retailers long to short at 3.07 to 1. Our data shows that traders are now net longest NZD / USD since December 21, when NZD / USD traded near 0.68. The number of net-long traders is 4.01% lower than yesterday and 1.21% higher than last week, while the number of net-short traders is 24.31% lower than yesterday and 33.94% lower than last week.

We usually take the opposite view of crowd sentiment, and the fact that traders are neatly long suggests that NZD / USD prices will continue to fall.

Traders are noticeably longer than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger counter-trading bias of NZD / USD bearish.



Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here