Number of traders net-short has decreased by 2.25% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BEARISH | 82.67% | 17.33% | -0.48% Daily 8.64% Weekly | -17.14% Daily -2.25% Weekly | -3.83% Daily 6.58% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 5% | -10% | 1% |
| Weekly | -5% | 17% | 0% |
EUR/CHF: Retail trader data shows 82.67% of traders are net-long with the ratio of traders long to short at 4.77 to 1. Our data shows traders are now at their most net-long EUR/CHF since Mar 15 when EUR/CHF traded near 0.99. The number of traders net-long is 0.48% lower than yesterday and 8.64% higher from last week, while the number of traders net-short is 17.14% lower than yesterday and 2.25% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/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 EUR/CHF-bearish contrarian trading bias.
