USD/CHF Client Positioning

Number of traders net-short has increased by 33.51% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/CHF

BULLISH

49.00%

51.00%

1.66%
Daily

-29.60%
Weekly

22.01%
Daily

33.51%
Weekly

11.11%
Daily

-7.24%
Weekly

USD/CHF: Retail trader data shows 49.00% of traders are net-long with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Jul 22 when USD/CHF traded near 0.96, price has moved 0.61% higher since then. The number of traders net-long is 1.66% higher than yesterday and 29.60% lower from last week, while the number of traders net-short is 22.01% higher than yesterday and 33.51% 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 Jul 22, 2022 when USD/CHF traded near 0.96. 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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