Forexrobots24

forex advisor developer

NZD/USD IG Client Sentiment: Our data shows traders are now at their least net-long NZD/USD since May 22 when NZD/USD traded near 0.61.

NZD/USD Client Positioning

Number of traders net-short has increased by 51.84% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

NZD/USD

BULLISH

22.41%

77.59%

-42.34% Daily

-24.34% Weekly

24.37% Daily

51.84% Weekly

-1.24% Daily

23.88% Weekly

NZD/USD: Retail trader data shows 22.41% of traders are net-long with the ratio of traders short to long at 3.46 to 1. Our data shows traders are now at their least net-long NZD/USD since May 22 when NZD/USD traded near 0.61. The number of traders net-long is 42.34% lower than yesterday and 24.34% lower from last week, while the number of traders net-short is 24.37% higher than yesterday and 51.84% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests NZD/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 NZD/USD-bullish contrarian trading bias.