Number of traders net-short has increased by 2.24% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/CHF | BULLISH | 51.76% | 48.24% | -9.82% Daily -16.64% Weekly | 8.73% Daily 2.24% Weekly | -1.73% Daily -8.49% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 2% | 3% | 2% |
| Weekly | -16% | 24% | -5% |
USD/CHF: Retail trader data shows 51.76% of traders are net-long with the ratio of traders long to short at 1.07 to 1. Our data shows traders are now at their least net-long USD/CHF since Apr 10 when USD/CHF traded near 0.91. The number of traders net-long is 9.82% lower than yesterday and 16.64% lower from last week, while the number of traders net-short is 8.73% higher than yesterday and 2.24% higher 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.
Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current USD/CHF price trend may soon reverse higher despite the fact traders remain net-long.
