Forexrobots24

forex advisor developer

AUD/USD IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Sep 01, 2021 15:00 GMT when AUD/USD traded near 0.74.

AUD/USD Client Positioning

Number of traders net-short has decreased by 10.35% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


AUD/USD

BEARISH

50.15%

49.85%

15.70%
Daily

6.23%
Weekly

-9.67%
Daily

-10.35%
Weekly

1.49%
Daily

-2.74%
Weekly

AUD/USD: Retail trader data shows 50.15% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Sep 01 when AUD/USD traded near 0.74, price has moved 0.09% higher since then. The number of traders net-long is 15.70% higher than yesterday and 6.23% higher from last week, while the number of traders net-short is 9.67% lower than yesterday and 10.35% lower from last week.

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

Our data shows traders are now net-long AUD/USD for the first time since Sep 01, 2021 15:00 GMT when AUD/USD traded near 0.74. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.

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