Number of traders net-short has increased by 5.74% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BULLISH | 48.96% | 51.04% |
-8.23% Daily -11.30% Weekly |
5.74% Daily 5.74% Weekly |
-1.59% Daily -3.35% Weekly |
EUR/CHF: Retail trader data shows 48.96% of traders are net-long with the ratio of traders short to long at 1.04 to 1. Our data shows traders are now at their least net-long EUR/CHF since Jun 14 when EUR/CHF traded near 1.04. The number of traders net-long is 8.23% lower than yesterday and 11.30% lower from last week, while the number of traders net-short is 5.74% higher than yesterday and 5.74% 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.
