Number of traders net-short has increased by 13.02% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BULLISH | 49.18% | 50.82% |
-6.67% Daily -10.64% Weekly |
6.37% Daily 13.02% Weekly |
-0.47% Daily 0.00% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -7% | 6% | 0% |
| Weekly | -11% | 13% | 0% |
EUR/CHF: Retail trader data shows 49.18% 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 Apr 25 when EUR/CHF traded near 0.98, price has moved 0.34% higher since then. The number of traders net-long is 6.67% lower than yesterday and 10.64% lower from last week, while the number of traders net-short is 6.37% higher than yesterday and 13.02% 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 25, 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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