Number of traders net-short has increased by 2.46% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEUR
Number of traders net-short has increased by 2.46% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BULLISH | 49.76% | 50.24% |
-10.82% Daily -21.37% Weekly |
10.05% Daily 2.46% Weekly |
-1.43% Daily -10.97% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -8% | 7% | -1% |
| Weekly | -18% | 2% | -9% |
EUR/CHF: Retail trader data shows 49.76% 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 Apr 11 when EUR/CHF traded near 0.98, price has moved 0.26% higher since then. The number of traders net-long is 10.82% lower than yesterday and 21.37% lower from last week, while the number of traders net-short is 10.05% higher than yesterday and 2.46% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/CHF prices may continue to rise.
Our data shows traders are now net-short EUR/CHF for the first time since Apr 11, 2024 when EUR/CHF traded near 0.98. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.
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