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Home Technical Analysis

Our data shows traders are now net-short EUR/CHF for the first time since Dec 04, 2020 when EUR/CHF traded near 1.08.

Forex Tips by Forex Tips
December 19, 2020
in Technical Analysis
0
Our data shows traders are now net-short EUR/CHF for the first time since Dec 04, 2020 when EUR/CHF traded near 1.08.
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EUR/CHF Client Positioning

Number of traders net-short has increased by 10.28% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/CHF

BULLISH

49.79%

50.21%

-18.18%
Daily

-31.98%
Weekly

16.83%
Daily

10.28%
Weekly

-3.69%
Daily

-15.77%
Weekly

EUR/CHF: Retail trader data shows 49.79% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Dec 04 when EUR/CHF traded near 1.08, price has moved 0.39% higher since then. The number of traders net-long is 18.18% lower than yesterday and 31.98% lower from last week, while the number of traders net-short is 16.83% higher than yesterday and 10.28% 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.

Our data shows traders are now net-short EUR/CHF for the first time since Dec 04, 2020 when EUR/CHF traded near 1.08. 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.





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