Number of traders net-short has increased by 27.55% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.80% |
50.20% |
-29.14%
-39.81% |
60.26%
27.55% |
-1.58%
-18.09% |
EUR/CHF: Retail trader data shows 49.80% 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 Jun 11 when EUR/CHF traded near 1.07, price has moved 1.44% higher since then. The number of traders net-long is 29.14% lower than yesterday and 39.81% lower from last week, while the number of traders net-short is 60.26% higher than yesterday and 27.55% 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 Jun 11, 2020 when EUR/CHF traded near 1.07. 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.
