Variety of merchants net-short has decreased by 44.35% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BEARISH | 84.35% | 15.65% |
12.62% Day by day 83.13% Weekly |
-23.71% Day by day -44.35% Weekly |
4.81% Day by day 34.80% Weekly |
AUD/USD: Retail dealer knowledge reveals 84.35% of merchants are net-long with the ratio of merchants lengthy to quick at 5.39 to 1. Our knowledge reveals merchants are actually at their most net-long AUD/USD since Oct 08 when AUD/USD traded close to 0.64. The variety of merchants net-long is 12.62% increased than yesterday and 83.13% increased from final week, whereas the variety of merchants net-short is 23.71% decrease than yesterday and 44.35% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests AUD/USD costs might proceed to fall.
Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger AUD/USD-bearish contrarian buying and selling bias.
DailyFX gives foreign exchange information and technical evaluation on the tendencies that affect the worldwide forex markets.
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