Number of traders net-short has decreased by 5.21% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIUSD

Number of traders net-short has decreased by 5.21% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
---|---|---|---|---|---|---|
USD/CHF | BEARISH | 83.72% | 16.28% |
10.64% Daily 24.47% Weekly |
-25.41% Daily -5.21% Weekly |
2.57% Daily 18.43% Weekly |
USD/CHF: Retail trader data shows 83.72% of traders are net-long with the ratio of traders long to short at 5.14 to 1. Our data shows traders are now at their most net-long USD/CHF since Nov 17 when USD/CHF traded near 0.95. The number of traders net-long is 10.64% higher than yesterday and 24.47% higher from last week, while the number of traders net-short is 25.41% lower than yesterday and 5.21% 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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