Number of traders net-short has increased by 28.49% 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 28.49% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/CHF |
BULLISH |
47.82% |
52.18% |
-33.03%
-42.97% |
17.73%
28.49% |
-13.58%
-19.65% |
USD/CHF: Retail trader data shows 47.82% of traders are net-long with the ratio of traders short to long at 1.09 to 1. In fact, traders have remained net-short since May 24 when USD/CHF traded near 0.96, price has moved 3.12% higher since then. The number of traders net-long is 33.03% lower than yesterday and 42.97% lower from last week, while the number of traders net-short is 17.73% higher than yesterday and 28.49% 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 May 24, 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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