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 |
|
BULLISH |
49.79% |
50.21% |
-18.18%
-31.98% |
16.83%
10.28% |
-3.69%
-15.77% |
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.
