Number of traders net-short has increased by 13.82% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
AUD/JPY | BULLISH | 16.42% | 83.58% | -20.54% -34.56% | 7.09% 13.82% | 1.31% 1.50% |
AUD/JPY: Retail trader data shows 16.42% of traders are net-long with the ratio of traders short to long at 5.09 to 1. Our data shows traders are now at their least net-long AUD/JPY since Mar 21 when AUD/JPY traded near 88.44. The number of traders net-long is 20.54% lower than yesterday and 34.56% lower from last week, while the number of traders net-short is 7.09% higher than yesterday and 13.82% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/JPY 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/JPY-bullish contrarian trading bias.
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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/31/AUDJPY-IG-Client-Sentiment-0823.html
By: Research
