Forexrobots24

forex advisor developer

USD/CHF IG Client Sentiment: Our data shows traders are now net-short USD/CHF for the first time since Aug 13, 2021 when USD/CHF traded near 0.92.

USD/CHF Client Positioning

Number of traders net-short has increased by 101.93% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/CHF

BULLISH

49.88%

50.12%

3.74%
Daily

-14.75%
Weekly

10.88%
Daily

101.93%
Weekly

7.20%
Daily

20.00%
Weekly

USD/CHF: Retail trader data shows 49.88% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Aug 13 when USD/CHF traded near 0.92, price has moved 1.87% higher since then. The number of traders net-long is 3.74% higher than yesterday and 14.75% lower from last week, while the number of traders net-short is 10.88% higher than yesterday and 101.93% 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 Aug 13, 2021 when USD/CHF traded near 0.92. 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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