Our data shows traders are now at their least net-long USD/CHF since Sep 20 when USD/CHF traded near 0.93.

Our data shows traders are now at their least net-long USD/CHF since Sep 20 when USD/CHF traded near 0.93.

Number of traders net-short has increased by 55.56% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/CHF

BULLISH

47.35%

52.65%

-10.36%
Daily

-12.34%
Weekly

-2.53%
Daily

55.56%
Weekly

-6.40%
Daily

13.81%
Weekly

USD/CHF: Retail trader data shows 47.35% of traders are net-long with the ratio of traders short to long at 1.11 to 1. Our data shows traders are now at their least net-long USD/CHF since Sep 20 when USD/CHF traded near 0.93. The number of traders net-long is 10.36% lower than yesterday and 12.34% lower from last week, while the number of traders net-short is 2.53% lower than yesterday and 55.56% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/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 USD/CHF-bullish contrarian trading bias.

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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/15/USDCHF-IG-Client-Sentiment-1723.html
By: Research

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