Number of traders net-short has increased by 33.51% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
BULLISH | 49.00% | 51.00% | 1.66% -29.60% | 22.01% 33.51% | 11.11% -7.24% |
USD/CHF: Retail trader data shows 49.00% of traders are net-long with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Jul 22 when USD/CHF traded near 0.96, price has moved 0.61% higher since then. The number of traders net-long is 1.66% higher than yesterday and 29.60% lower from last week, while the number of traders net-short is 22.01% higher than yesterday and 33.51% 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 Jul 22, 2022 when USD/CHF traded near 0.96. 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.
