Our data shows traders are now at their most net-long USD/CHF since Jun 10 when USD/CHF traded near 0.89.

Our data shows traders are now at their most net-long USD/CHF since Jun 10 when USD/CHF traded near 0.89.

Number of traders net-short has decreased by 29.28% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/CHF

BEARISH

82.49%

17.51%

15.08%
Daily

29.40%
Weekly

-15.79%
Daily

-29.28%
Weekly

8.14%
Daily

12.98%
Weekly

USD/CHF: Retail trader data shows 82.49% of traders are net-long with the ratio of traders long to short at 4.71 to 1. Our data shows traders are now at their most net-long USD/CHF since Jun 10 when USD/CHF traded near 0.89. The number of traders net-long is 15.08% higher than yesterday and 29.40% higher from last week, while the number of traders net-short is 15.79% lower than yesterday and 29.28% 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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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/01/14/USDCHF-IG-Client-Sentiment-1223.html
By: Research

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