Number of traders net-short has increased by 27.34% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/CHF: Retail trader data shows 40.00% of traders are net-long with the ratio of traders short to long at 1.50 to 1. Our data shows traders are now at their least net-long EUR/CHF since Nov 20 when EUR/CHF traded near 1.08. The number of traders net-long is 18.62% lower than yesterday and 0.84% lower from last week, while the number of traders net-short is 8.59% higher than yesterday and 27.34% 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.
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.
Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/03/05/EURCHF-IG-Client-Sentiment-1323.html