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Number of traders net-short has increased by 5.22% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.71% |
50.29% |
4.44%
-10.07% |
15.93%
5.22% |
9.92%
-2.98% |
USD/CHF: Retail trader data shows 49.71% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Mar 18 when USD/CHF traded near 0.93, price has moved 2.82% higher since then. The number of traders net-long is 4.44% higher than yesterday and 10.07% lower from last week, while the number of traders net-short is 15.93% higher than yesterday and 5.22% 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.
Our data shows traders are now net-short USD/CHF for the first time since Mar 18, 2022 when USD/CHF traded near 0.93. 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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