Technical data

Our data shows that traders are now long on AUD / JPY for the first time since August 26, 2021, when AUD / JPY was trading near 79.70.


The number of net short traders fell 22.63% from last week.

SYMBOL

COMMERCIAL BIAS

NET-LONG%

NET-SHORT%

CHANGE OF LONGS

SHORTS CHANGE

CHANGE OF IO

AUD / JPY

DECREASE

50.12%

49.88%

10.36%
Daily

24.56%
Weekly

5.47%
Daily

-22.63%
Weekly

7.87%
Daily

-4.49%
Weekly

AUD / JPY: Data from retail traders shows that 50.12% of traders are net long with a ratio of long to short traders of 1.00 to 1. In fact, traders have remained net since August 26, when the AUD / JPY traded near 79.70, the price has fallen 0.42% since then. The number of net-long traders is 10.36% higher than yesterday and 24.56% higher than last week, while the number of net-short traders is 5.47% higher than yesterday and 22 , 63% lower than last week.

We generally take a contrarian view of crowd sentiment, and the fact that traders are net long suggests that AUD / JPY prices may continue to decline.

Our data shows that traders are now long on AUD / JPY for the first time since August 26, 2021, when AUD / JPY was trading near 79.70. Traders are longer than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD / JPY countercurrent trading bias.

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