Number of traders net-short has decreased by 33.81% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIUS

Number of traders net-short has decreased by 33.81% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
---|---|---|---|---|---|---|
USD/CHF | BEARISH | 83.33% | 16.67% |
5.75% Daily 105.36% Weekly |
-15.60% Daily -33.81% Weekly |
1.47% Daily 52.07% Weekly |
USD/CHF: Retail trader data shows 83.33% of traders are net-long with the ratio of traders long to short at 5.00 to 1. Our data shows traders are now at their most net-long USD/CHF since Jan 14 when USD/CHF traded near 0.91. The number of traders net-long is 5.75% higher than yesterday and 105.36% higher from last week, while the number of traders net-short is 15.60% lower than yesterday and 33.81% 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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