Quote: NZDUSD Ratio: 126 % Long: 56% Signal: Bearish
NZDUSD - 56% of retail traders are long NZDUSD (long to short ratio is 1.26). . Last week, the ratio was at -1.19 as 54% of open positions were shortMoreover, since last week, retail has been aggressively buying NZDUSD (long positions are up by 8.8%). In the past, when retail was long and buying more, the NZDUSD has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL NZDUSD.