Forexrobots24

forex advisor developer

NZD/USD IG Client Sentiment: Our data shows traders are now at their most net-long NZD/USD since Dec 21 when NZD/USD traded near 0.68.

NZD/USD Client Positioning

Number of traders net-short has decreased by 33.94% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


NZD/USD

BEARISH

75.45%

24.55%

-4.01%
Daily

1.21%
Weekly

-24.31%
Daily

-33.94%
Weekly

-9.94%
Daily

-10.48%
Weekly

NZD/USD: Retail trader data shows 75.45% of traders are net-long with the ratio of traders long to short at 3.07 to 1. Our data shows traders are now at their most net-long NZD/USD since Dec 21 when NZD/USD traded near 0.68. The number of traders net-long is 4.01% lower than yesterday and 1.21% higher from last week, while the number of traders net-short is 24.31% lower than yesterday and 33.94% lower from last week.

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

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

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