USDCHF – The ratio of long to short positions in the USDCHF stands at 2.40 as nearly 71% of traders are long. Yesterday, the ratio was at 3.10 as 76% of open positions were long. In detail, long positions are 8.0% lower than yesterday and 120.3% stronger since last week. Short positions are 18.7% higher than yesterday and 22.1% weaker since last week. Open interest is 1.5% weaker than yesterday and 39.8% above its monthly average. The strong weekly shift to long positions gives us a contrarian bearish bias on the USDCHF.
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