Number of traders net-short has increased by 46.74% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/CHF: Retail trader data shows 49.81% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Dec 28 when EUR/CHF traded near 1.09, price has moved 0.01% higher since then. The number of traders net-long is 19.76% lower than yesterday and 29.84% lower from last week, while the number of traders net-short is 29.81% higher than yesterday and 46.74% 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.
Our data shows traders are now net-short EUR/CHF for the first time since Dec 28, 2020 when EUR/CHF traded near 1.09. 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.