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.
