Our data shows traders are now at their most net-long EUR/CHF since Dec 11 when EUR/CHF traded near 0.95.
Number of traders net-short has decreased by 6.06% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BEARISH | 88.75% | 11.25% |
5.62% Daily 19.56% Weekly |
-7.46% Daily -6.06% Weekly |
3.96% Daily 16.00% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 5% | -7% | 3% |
| Weekly | 18% | -3% | 15% |
EUR/CHF: Retail trader data shows 88.75% of traders are net-long with the ratio of traders long to short at 7.89 to 1. Our data shows traders are now at their most net-long EUR/CHF since Dec 11 when EUR/CHF traded near 0.95. The number of traders net-long is 5.62% higher than yesterday and 19.56% higher from last week, while the number of traders net-short is 7.46% lower than yesterday and 6.06% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/CHF prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bearish contrarian trading bias.
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