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Swiss Franc Forecast Positive

By David Rodriguez, Quantitative Strategist
29 October 2009 14:37 GMT

Forex_Trading_2009-10-29_5

USDCHF – The ratio of long to short positions in the USDCHF stands at 2.32 as nearly 70% of traders are long. Yesterday, the ratio was at 1.90 as 66% of open positions were long. In detail, long positions are 2.9% higher than yesterday and 29.3% weaker since last week. Short positions are 15.8% lower than yesterday and 8.4% stronger since last week. Open interest is 3.5% weaker than yesterday and 9.6% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

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29 October 2009 14:37 GMT