Number of traders net-short has increased by 6.79% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BULLISH | 49.25% | 50.75% |
-10.20% Daily -6.15% Weekly |
5.36% Daily 6.79% Weekly |
-2.92% Daily 0.00% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -11% | 2% | -5% |
| Weekly | -7% | 3% | -3% |
EUR/CHF: Retail trader data shows 49.25% 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 Mar 28 when EUR/CHF traded near 0.97, price has moved 1.14% higher since then. The number of traders net-long is 10.20% lower than yesterday and 6.15% lower from last week, while the number of traders net-short is 5.36% higher than yesterday and 6.79% 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 Mar 28, 2024 08:00 GMT when EUR/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 EUR/CHF-bullish contrarian trading bias.
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