USD/CHF Overview
The latest data from retail traders indicates that 54.42% are positioned net-long on USD/CHF, with the long-to-short ratio standing at 1.19 to 1. This marks the lowest level of net-long positions seen since September 26, when USD/CHF was trading around 0.92.
Comparatively, net-long positions have decreased by 18.78% from yesterday and 17.67% from last week. Conversely, net-short positions have seen a decline of 2.43% from yesterday and 4.51% from last week.
In our analysis, we often adopt a contrarian stance to crowd sentiment, which suggests that USD/CHF prices might fall given the net-long bias.
However, the reduction in net-long positions both from yesterday and the past week hints at a potential reversal in the USD/CHF trend upwards, despite the continued net-long sentiment.