EUR/CHF Sentiment Analysis: Shift to Net-Short

By Daniel M.

May 16, 2024   •   Fact checked by Dumb Little Man

Trader Positions and Market Trends



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.

Daniel M.

Daniel Moore is a seasoned trading analyst with over 20 years of experience navigating the ever-evolving financial landscape. Renowned for his unconventional yet effective approach, Daniel utilizes a blend of technical and fundamental analysis to identify hidden gems and craft winning trade strategies. He is a master at demystifying complex market data and translating it into actionable insights for traders of all experience levels.

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