Number of traders net-short has increased by 51.02% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BULLISH | 46.51% | 53.49% | -17.87% Daily -15.72% Weekly | 63.24% Daily 51.02% Weekly | 11.86% Daily 10.37% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 7% | -4% | 5% |
| Weekly | -5% | -4% | -5% |
EUR/CHF: Retail trader data shows 46.51% 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 Nov 03 when EUR/CHF traded near 0.99. The number of traders net-long is 17.87% lower than yesterday and 15.72% lower from last week, while the number of traders net-short is 63.24% higher than yesterday and 51.02% 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.
