Number of traders net-short has increased by 33.51% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has increased by 33.51% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/CHF |
BULLISH |
49.00% |
51.00% |
1.66%
-29.60% |
22.01%
33.51% |
11.11%
-7.24% |
USD/CHF: Retail trader data shows 49.00% of traders are net-long with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Jul 22 when USD/CHF traded near 0.96, price has moved 0.61% higher since then. The number of traders net-long is 1.66% higher than yesterday and 29.60% lower from last week, while the number of traders net-short is 22.01% higher than yesterday and 33.51% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CHF prices may continue to rise.
Our data shows traders are now net-short USD/CHF for the first time since Jul 22, 2022 when USD/CHF traded near 0.96. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bullish contrarian trading bias.
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