Variety of merchants net-short has elevated by 5.74% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/CHF | BULLISH | 48.96% | 51.04% |
-8.23% Each day -11.30% Weekly |
5.74% Each day 5.74% Weekly |
-1.59% Each day -3.35% Weekly |
EUR/CHF: Retail dealer information exhibits 48.96% of merchants are net-long with the ratio of merchants brief to lengthy at 1.04 to 1. Our information exhibits merchants are actually at their least net-long EUR/CHF since Jun 14 when EUR/CHF traded close to 1.04. The variety of merchants net-long is 8.23% decrease than yesterday and 11.30% decrease from final week, whereas the variety of merchants net-short is 5.74% greater than yesterday and 5.74% greater from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests EUR/CHF costs might proceed to rise.
Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger EUR/CHF-bullish contrarian buying and selling bias.
