USD/CHF IG Client Sentiment: Our data shows traders are now net-short USD/CHF for the first time since Sep 09, 2022 when USD/CHF traded near 0.96.
Number of traders net-short has increased by 6.52% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
USD/CHF: Retail trader data shows 49.22% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Sep 09 when USD/CHF traded near 0.96, price has moved 1.93% higher since then. The number of traders net-long is 38.51% lower than yesterday and 34.03% lower from last week, while the number of traders net-short is 11.36% higher than yesterday and 6.52% 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 09, 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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