Forexrobots24

forex advisor developer

USD/CHF IG Client Sentiment: Our data shows traders are now net-long USD/CHF for the first time since Apr 28, 2022 when USD/CHF traded near 0.97.

USD/CHF Client Positioning

Number of traders net-short has decreased by 15.95% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/CHF

BEARISH

50.10%

49.90%

36.56%
Daily

48.54%
Weekly

-18.91%
Daily

-15.95%
Weekly

1.81%
Daily

7.42%
Weekly

USD/CHF: Retail trader data shows 50.10% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Apr 28 when USD/CHF traded near 0.97, price has moved 0.03% higher since then. The number of traders net-long is 36.56% higher than yesterday and 48.54% higher from last week, while the number of traders net-short is 18.91% lower than yesterday and 15.95% lower from last week.

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

Our data shows traders are now net-long USD/CHF for the first time since Apr 28, 2022 when USD/CHF traded near 0.97. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.

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