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Swiss Franc Forecast Turns Less Aggressive

By John Rivera, Currency Analyst
01 October 2009 16:18 GMT
sentiment chf 2009-10-01_2

USDCHF –
The ratio of long to short positions in the USDCHF stands at 1.91 as nearly 66% of traders are long. Yesterday, the ratio was at 2.90 as 74% of open positions were long. In detail, long positions are 8.6% lower than yesterday and 32.8% weaker since last week. Short positions are 38.8% higher than yesterday and 18.7% stronger since last week. Open interest is 3.6% stronger than yesterday and 13.1% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

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01 October 2009 16:18 GMT