Number of traders net-short has decreased by 29.46% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIUS
Number of traders net-short has decreased by 29.46% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/CHF | BEARISH | 84.68% | 15.32% |
28.32% Daily 11.04% Weekly |
-43.48% Daily -29.46% Weekly |
7.41% Daily 2.06% Weekly |
USD/CHF: Retail trader data shows 84.68% of traders are net-long with the ratio of traders long to short at 5.53 to 1. Our data shows traders are now at their most net-long USD/CHF since Dec 13 when USD/CHF traded near 0.93. The number of traders net-long is 28.32% higher than yesterday and 11.04% higher from last week, while the number of traders net-short is 43.48% lower than yesterday and 29.46% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USD/CHF prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.
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