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Home Technical Analysis

Our data shows traders are now net-long AUD/JPY for the first time since Apr 30, 2020 when AUD/JPY traded near 69.57.

Forex Tips by Forex Tips
July 28, 2020
in Technical Analysis
0
Our data shows traders are now net-long AUD/JPY for the first time since Apr 30, 2020 when AUD/JPY traded near 69.57.
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AUD/JPY Client Positioning

Number of traders net-short has decreased by 18.75% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


AUD/JPY

BEARISH

51.85%

48.15%

52.17%
Daily

33.33%
Weekly

-2.99%
Daily

-18.75%
Weekly

19.47%
Daily

1.89%
Weekly

AUD/JPY: Retail trader data shows 51.85% of traders are net-long with the ratio of traders long to short at 1.08 to 1. In fact, traders have remained net-long since Apr 30 when AUD/JPY traded near 69.57, price has moved 8.26% higher since then. The number of traders net-long is 52.17% higher than yesterday and 33.33% higher from last week, while the number of traders net-short is 2.99% lower than yesterday and 18.75% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/JPY prices may continue to fall.

Our data shows traders are now net-long AUD/JPY for the first time since Apr 30, 2020 when AUD/JPY traded near 69.57. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.





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