Forexrobots24

forex advisor developer

USD/CHF IG Client Sentiment: Our data shows traders are now net-short USD/CHF for the first time since Mar 18, 2022 when USD/CHF traded near 0.93.

USD/CHF Client Positioning

Number of traders net-short has increased by 5.22% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/CHF

BULLISH

49.71%

50.29%

4.44%
Daily

-10.07%
Weekly

15.93%
Daily

5.22%
Weekly

9.92%
Daily

-2.98%
Weekly

USD/CHF: Retail trader data shows 49.71% 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 Mar 18 when USD/CHF traded near 0.93, price has moved 2.82% higher since then. The number of traders net-long is 4.44% higher than yesterday and 10.07% lower from last week, while the number of traders net-short is 15.93% higher than yesterday and 5.22% 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 Mar 18, 2022 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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