Our data shows traders are now net-short EUR/CHF for the first time since Jan 13, 2023 when EUR/CHF traded near 1.00.
Number of traders net-short has increased by 26.45% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BULLISH | 49.35% | 50.65% |
-24.51% Daily -13.18% Weekly |
46.27% Daily 26.45% Weekly |
0.00% Daily 3.20% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 21% | 0% | 11% |
| Weekly | 6% | 11% | 8% |
EUR/CHF: Retail trader data shows 49.35% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Jan 13 when EUR/CHF traded near 1.00, price has moved 0.58% lower since then. The number of traders net-long is 24.51% lower than yesterday and 13.18% lower from last week, while the number of traders net-short is 46.27% higher than yesterday and 26.45% 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 Jan 13, 2023 when EUR/CHF traded near 1.00. 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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