Number of traders net-short has decreased by 26.67% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
---|---|---|---|---|---|---|
EUR/CHF | BEARISH | 83.98% | 16.02% | 12.70% Daily 19.31% Weekly | -41.59% Daily -26.67% Weekly | -1.90% Daily 8.42% Weekly |
Change in | Longs | Shorts | OI |
Daily | 0% | 1% | 0% |
Weekly | 7% | 12% | 8% |
EUR/CHF: Retail trader data shows 83.98% of traders are net-long with the ratio of traders long to short at 5.24 to 1. Our data shows traders are now at their most net-long EUR/CHF since May 19 when EUR/CHF traded near 0.97. The number of traders net-long is 12.70% higher than yesterday and 19.31% higher from last week, while the number of traders net-short is 41.59% lower than yesterday and 26.67% 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.