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Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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New Zealand Dollar in Position to Strengthen

New Zealand Dollar in Position to Strengthen

David Rodriguez, Head of Product
New Zealand Dollar in Position to Strengthen

Why and how do we use the SSI in trading? View our video and download the free indicator here

NZDUSD – The majority of retail FX traders in our sample remain short the New Zealand Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of buying into NZD/USD gains. The ratio of open short positions to those long is a notable 1.5 to 1—near the most extreme since July, 2014.

Until we see a marked shift in crowd positions we see little reason to abandon our NZD-bullish trading bias.

See next currency section: XAUUSD - Gold Prices Likely to Fall Further

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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