EUR/CHF Client Positioning

Number of traders net-short has increased by 27.55% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/CHF

BULLISH

49.80%

50.20%

-29.14%
Daily

-39.81%
Weekly

60.26%
Daily

27.55%
Weekly

-1.58%
Daily

-18.09%
Weekly

EUR/CHF: Retail trader data shows 49.80% 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 Jun 11 when EUR/CHF traded near 1.07, price has moved 1.44% higher since then. The number of traders net-long is 29.14% lower than yesterday and 39.81% lower from last week, while the number of traders net-short is 60.26% higher than yesterday and 27.55% 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 Jun 11, 2020 when EUR/CHF traded near 1.07. 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.



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