EUR/CHF Sentiment Analysis: Traders Least Bullish Since March

By Daniel M.

May 24, 2024   •   Fact checked by Dumb Little Man

Shift in Trader Sentiment


Retail trader data indicates that 46.52% of traders are net-long on EUR/CHF, with a short-to-long ratio of 1.15 to 1. This marks the lowest net-long position since March 21, when EUR/CHF was trading near 0.97. Comparatively, the number of traders net-long has decreased by 2.02% from yesterday and 6.28% from last week, while the number of traders net-short has increased by 1.36% from yesterday and 5.19% from last week.

Our contrarian view to crowd sentiment suggests that with traders increasing their net-short positions, EUR/CHF prices might continue to rise.

The recent shift towards more net-short positions both from the previous day and over the past week reinforces our stronger EUR/CHF-bullish contrarian trading bias.

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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