Forexrobots24

forex advisor developer

AUD/USD IG Client Sentiment: Our data shows traders are now at their least net-long AUD/USD since May 11 when AUD/USD traded near 0.65.

AUD/USD Client Positioning

Number of traders net-short has increased by 6.65% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

AUD/USD

BULLISH

32.63%

67.37%

-28.15% Daily

-15.02% Weekly

21.67% Daily

6.65% Weekly

-0.78% Daily

-1.54% Weekly

AUD/USD: Retail trader data shows 32.63% of traders are net-long with the ratio of traders short to long at 2.07 to 1. Our data shows traders are now at their least net-long AUD/USD since May 11 when AUD/USD traded near 0.65. The number of traders net-long is 28.15% lower than yesterday and 15.02% lower from last week, while the number of traders net-short is 21.67% higher than yesterday and 6.65% higher from last week.

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

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.