EUR/CHF Client Positioning

Number of traders net-short has decreased by 17.22% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/CHF

BEARISH

50.17%

49.83%

13.64%
Daily

12.78%
Weekly

-1.32%
Daily

-17.22%
Weekly

5.65%
Daily

-4.47%
Weekly

EUR/CHF: Retail trader data shows 50.17% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Nov 16 when EUR/CHF traded near 1.08, price has moved 0.14% lower since then. The number of traders net-long is 13.64% higher than yesterday and 12.78% higher from last week, while the number of traders net-short is 1.32% lower than yesterday and 17.22% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/CHF prices may continue to fall.

Our data shows traders are now net-long EUR/CHF for the first time since Nov 16, 2020 08:00 GMT when EUR/CHF traded near 1.08. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bearish contrarian trading bias.



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