EUR/CHF Trading Sentiment Update

By Daniel M.

April 25, 2024   •   Fact checked by Dumb Little Man

Current Trader Data

Source: DailyFX

Retail data reveals 49.76% of traders are currently net-long on EUR/CHF, with a close short to long ratio of 1.01 to 1. Traders have consistently held a net-short position since April 11, 2024, when EUR/CHF was priced near 0.98. Since then, the price has seen an increase of 0.26%.

The percentage of traders net-long has dropped by 10.82% since yesterday and 21.37% from last week. In contrast, those net-short have increased by 10.05% since yesterday and 2.46% from last week.

Market Outlook

Our contrarian view to crowd sentiment is underscored by the ongoing net-short positioning, suggesting that EUR/CHF prices might continue to rise. Since April 11, 2024, this is the first instance of a net-short majority.

The increase in net-short positions both from yesterday and last week, combined with current market sentiment, reinforces our bullish contrarian stance on EUR/CHF.

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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