Number of traders net-short has decreased by 16.50% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
51.18% |
48.82% |
23.81%
26.21% |
-21.27%
-16.50% |
-3.24%
0.99% |
AUD/JPY: Retail trader data shows 51.18% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Jul 28 when AUD/JPY traded near 75.20, price has moved 3.09% higher since then. The number of traders net-long is 23.81% higher than yesterday and 26.21% higher from last week, while the number of traders net-short is 21.27% lower than yesterday and 16.50% 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 Jul 28, 2020 when AUD/JPY traded near 75.20. 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.
