USD/CHF Ratio: 1.66 Signal: Bearish
USDCHF – Over the past week, the Swiss franc has broke to record highs against the dollar and has posted the largest rally against the greenback (behind only the Canadian dollar) of the majors. In response to this significant shift in the market, however, Speculative Sentiment Index ratio remains unchanged from the 1.66 reading reported a week ago. On the other hand, there has been a considerable pick up in overall positioning. Open interest is 9.3% higher than yesterday and 24.4% above its monthly average. At the same time, long positions have risen 6.6% from Wednesday and 46.3% from last week. Short trades have grown 14% from yesterday and 34.1% from last Thursday.