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Number of traders net-short has increased by 3.15% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BULLISH | 49.89% | 50.11% |
-11.63% Daily -8.43% Weekly |
4.57% Daily 3.15% Weekly |
-4.19% Daily -2.97% Weekly |
EUR/CHF: Retail trader data shows 49.89% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Jun 14 when EUR/CHF traded near 1.04, price has moved 5.00% lower since then. The number of traders net-long is 11.63% lower than yesterday and 8.43% lower from last week, while the number of traders net-short is 4.57% higher than yesterday and 3.15% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/CHF prices may continue to rise.
Our data shows traders are now net-short EUR/CHF for the first time since Jun 14, 2022 when EUR/CHF traded near 1.04. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.
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