Number of traders net-short has increased by 120.14% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/CHF |
BULLISH |
49.50% |
50.50% |
3.81%
-15.01% |
18.15%
120.14% |
10.58%
23.17% |
USD/CHF: Retail trader data shows 49.50% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Sep 20 when USD/CHF traded near 0.93, price has moved 0.75% higher since then. The number of traders net-long is 3.81% higher than yesterday and 15.01% lower from last week, while the number of traders net-short is 18.15% higher than yesterday and 120.14% 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 Sep 20, 2021 when USD/CHF traded near 0.93. 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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