Our data shows traders are now at their most net-long USD/CHF since Jul 14 when USD/CHF traded near 0.86.
Number of traders net-short has decreased by 25.76% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/CHF | BEARISH | 91.27% | 8.73% |
0.59% Daily 17.01% Weekly |
-19.67% Daily -25.76% Weekly |
-1.58% Daily 11.41% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -2% | -24% | -4% |
| Weekly | 13% | -23% | 9% |
USD/CHF: Retail trader data shows 91.27% of traders are net-long with the ratio of traders long to short at 10.46 to 1. Our data shows traders are now at their most net-long USD/CHF since Jul 14 when USD/CHF traded near 0.86. The number of traders net-long is 0.59% higher than yesterday and 17.01% higher from last week, while the number of traders net-short is 19.67% lower than yesterday and 25.76% lower 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.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.
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