Retail trader data shows 47.35% of traders are net-long with the ratio of traders short to long at 1.11 to 1. Our data shows traders are now at their least net-long USD/CHF since Sep 20 when USD/CHF traded near 0.93. The number of traders net-long is 10.36% lower than yesterday and 12.34% lower from last week, while the number of traders net-short is 2.53% lower than yesterday and 55.56% 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.
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.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CHF prices may continue to rise.
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.
Trade closed: target reached:
USDCHF BUY SETUP SUCCESS
Trade active:
MILLION DOLLAR TRADE LOL!