USD/CHF IG Client Sentiment: Our data shows traders are now at their most net-long USD/CHF since Jun 26 when USD/CHF traded near 0.98.
Number of traders net-short has decreased by 25.77% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
USD/CHF: Retail trader data shows 79.97% of traders are net-long with the ratio of traders long to short at 3.99 to 1. Our data shows traders are now at their most net-long USD/CHF since Jun 26 when USD/CHF traded near 0.98. The number of traders net-long is 10.89% lower than yesterday and 8.35% lower from last week, while the number of traders net-short is 29.24% lower than yesterday and 25.77% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USD/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 USD/CHF-bearish contrarian trading bias.
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