EUR/CHF Sentiment Analysis: Shift to Net-Short
Trader Positions and Market Trends
EUR/CHF
Current retail trader data indicates that 49.18% of traders are net-long, with the short-to-long ratio at 1.03 to 1. Since April 25, 2024, when EUR/CHF was priced near 0.98, the market has seen a shift with traders maintaining a net-short position. Despite this, the price has increased by 0.34% since that date.
The percentage of traders net-long has decreased by 6.67% since yesterday and 10.64% from last week, while the percentage of traders net-short has risen by 6.37% since yesterday and 13.02% from last week.
Adopting a contrarian perspective to market sentiment, the ongoing net-short positioning among traders suggests potential upward movement for EUR/CHF prices.
Analysis and Outlook
The analysis underscores a notable shift, with traders now net-short on EUR/CHF for the first time since late April. The increase in net-short positions both from the previous day and over the past week aligns with our contrarian bullish outlook for EUR/CHF, indicating a likelihood of continued price increases based on current trader sentiment and recent trends.
