Number of traders net-short has decreased by 21.49% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
---|---|---|---|---|---|---|
USD/CHF | BEARISH | 88.08% | 11.92% | 4.78% Daily 2.03% Weekly | -32.62% Daily -21.49% Weekly | -1.73% Daily -1.48% Weekly |
Change in | Longs | Shorts | OI |
Daily | -15% | -8% | -12% |
Weekly | -4% | -21% | -12% |
USD/CHF: Retail trader data shows 88.08% of traders are net-long with the ratio of traders long to short at 7.39 to 1. Our data shows traders are now at their most net-long USD/CHF since Jan 18 when USD/CHF traded near 0.92. The number of traders net-long is 4.78% higher than yesterday and 2.03% higher from last week, while the number of traders net-short is 32.62% lower than yesterday and 21.49% 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.