Sentiment Positive on AUD/USD, NZD/USD, Bearish on USD/CAD

AUD/USD Client Outlook Overview – Compounding

IG customer sentiment data shows that 45.50% of traders are net long AUD/USD, with the short-to-long ratio sitting at 1.20 to 1. The number of traders trading long is 21.36% lower than yesterday’s levels and 39.21% lower than in Last week, the number of short traders increased by 38.32% compared to yesterday, and 64.44% higher than recorded in the previous week.

We usually take a view contrarian to crowd sentiment, and the fact that the shorts are outpacing the longs suggests that the AUD/USD could remain on an upward trajectory. Overall, traders are betting on AUD/USD to rally compared to yesterday and last week, and the combination of current sentiment and recent positioning changes is giving us a bullish contrarian trading bias for AUD/USD.

source: DailyFX

NZD/USD Client Expectations Overview – Exacerbation

Client sentiment data from IG shows that 41.85% of traders are net long in NZD/USD, with a short-to-long ratio of 1.39 to 1. Furthermore, the data reveals that traders are now at least net long in their 27 years. december when the husband. It traded around 0.63. Overall, the number of long traders is down 17.75% compared to yesterday and 34.71% lower than last week, while the number of short traders is 28.78% higher than yesterday and 20.00% higher than observed last week.

We usually take a contrarian view of the crowd’s sentiment, and the fact that traders are net short on the whole suggests that NZD/USD could continue higher. Traders have been more net worth than yesterday and last week, and the combination of current sentiment and recent changes in positions gives us a bullish contrarian trading bias for NZD/USD.

source: DailyFX

Overview of IG’s USD/CAD client data – Eggplant

IG’s Client Sentiment data shows that 66.59% of traders are net long with a buy-to-sell ratio of 1.99 to 1. The number of long traders is 0.36% higher than yesterday and 10.43% lower than last week’s level, while the The number Net short positions from traders decreased by 16.67% compared to yesterday and decreased by 3.78% from last week.

We usually take a contrarian view of crowd sentiment, and the fact that traders are overwhelmingly net positive suggests that USD/CAD could continue to slide lower. Positioning is net longer than yesterday but less net buying than last week. In general, a combination of current sentiment and recent changes in the buying and selling balance gives us a bearish trading bias.

source: DailyFX