Number of traders net-short increased by 23.68% from last week.
| SYMBOL | BUSINESS BISAS | NET-LENGTH% | NET-SHORT% | CHANGE IN LONGRES | CHANGE INTO SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| NZD/USD | EXCITING | 49.89% | 50.11% |
-18.75% Every day -19.86% Every week |
16.92% Every day 23.68% Every week |
-4.09% Every day -2.70% Every week |
|
Change into |
misses |
Shorts |
Oi |
| Every day | -22% | 15% | -7% |
| Every week | -16% | 24% | 0% |
NZD/USD: Retail trader data shows that 49.89% of traders are net long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Mar 02 when NZD/USD traded near 0.62, price has moved 0.36% higher since then. The number of traders net-long is 18.75% lower than yesterday and 19.86% lower than last week, while the number of traders net-short is 16.92% higher than yesterday and 23.68% higher than last week.
We usually take a contrarian view to crowd sentiment, and the fact that traders are net-short suggests NZD/USD. prices may continue to rise.
Our data shows that traders are now completely short NZD/USD for the first time since March 02, 2023 when NZD/USD traded near 0.62. Traders are more neatly 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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