The percentage of traders net-long is now its lowest since Mar 15 when USDCHF traded near 1.00197. The number of traders net-long is 11.8% lower than yesterday and 23.5% lower from last week, while the number of traders net-short is 8.2% higher than yesterday and 26.3% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDCHF prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDCHF-bullish contrarian trading bias.
The best price to buy is to wait for a retracement back to the 100 MA that matches with a nice support zone...
Congratulations @besomebodyfx! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!