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Swiss Franc Likely to Strengthen against Dollar

By David Rodriguez,
02 September 2010 13:14 GMT

ssi_usd-chf_body_Picture_9.png, Swiss Franc Likely to Strengthen against Dollar

USDCHF The ratio of long to short positions in the USDCHF stands at 4.06 as nearly 80% of traders are long. Yesterday, the ratio was at 3.39 as 77% of open positions were long. In detail, long positions are 1.8% lower than yesterday and 11.3% weaker since last week. Short positions are 17.9% lower than yesterday and 4.6% stronger since last week. Open interest is 5.5% weaker than yesterday and 0.3% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

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02 September 2010 13:14 GMT