Number of traders net-short has increased by 22.84% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
BULLISH | 49.27% | 50.73% | -10.98% -36.31% | 18.05% 22.84% | 1.71% -15.72% |
USD/CHF: Retail trader data shows 49.27% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Jun 16 when USD/CHF traded near 0.97, price has moved 0.91% higher since then. The number of traders net-long is 10.98% lower than yesterday and 36.31% lower from last week, while the number of traders net-short is 18.05% higher than yesterday and 22.84% 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 Jun 16, 2022 when USD/CHF traded near 0.97. 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.
