Number of traders net-short has increased by 120.14% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
USD/CHF: Retail trader data shows 49.50% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Sep 20 when USD/CHF traded near 0.93, price has moved 0.75% higher since then. The number of traders net-long is 3.81% higher than yesterday and 15.01% lower from last week, while the number of traders net-short is 18.15% higher than yesterday and 120.14% 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.
Our data shows traders are now net-short USD/CHF for the first time since Sep 20, 2021 when USD/CHF traded near 0.93. 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/2022/03/14/USDCHF-IG-Client-Sentiment-1423.html