Number of traders net-short has increased by 5.19% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BULLISH | 46.52% | 53.48% | -2.02% Daily -6.28% Weekly | 1.36% Daily 5.19% Weekly | -0.24% Daily -0.48% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 15% | -14% | 7% |
| Weekly | 28% | -19% | 13% |
EUR/CHF: Retail trader data shows 46.52% of traders are net-long with the ratio of traders short to long at 1.15 to 1. Our data shows traders are now at their least net-long EUR/CHF since Mar 21 when EUR/CHF traded near 0.97. The number of traders net-long is 2.02% lower than yesterday and 6.28% lower from last week, while the number of traders net-short is 1.36% higher than yesterday and 5.19% 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.
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.
