Number of traders net-short has increased by 6.40% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
AUD/JPY | BULLISH | 17.87% | 82.13% | -6.00% -18.26% | 16.44% 6.40% | 11.68% 0.96% |
AUD/JPY: Retail trader data shows 17.87% of traders are net-long with the ratio of traders short to long at 4.60 to 1. Our data shows traders are now at their least net-long AUD/JPY since Oct 21 when AUD/JPY traded near 85.09. The number of traders net-long is 6.00% lower than yesterday and 18.26% lower from last week, while the number of traders net-short is 16.44% higher than yesterday and 6.40% 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/2022/03/21/AUDJPY-IG-Client-Sentiment-1223.html
By: Research
