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Number of traders net-short has increased by 21.13% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
40.00% |
60.00% |
-16.50%
-17.70% |
3.20%
21.13% |
-5.70%
1.90% |
USD/CHF: Retail trader data shows 40.00% of traders are net-long with the ratio of traders short to long at 1.50 to 1. Our data shows traders are now at their least net-long USD/CHF since Mar 17 when USD/CHF traded near 0.94. The number of traders net-long is 16.50% lower than yesterday and 17.70% lower from last week, while the number of traders net-short is 3.20% higher than yesterday and 21.13% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CHF prices may continue to rise.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bullish contrarian trading bias.
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