USD/CHF ratio: 1.94
Trading Forecast: Bearish

USDCHF – Our forex trading strategies have aggressively sold into USD/CHF weakness, as one-sided sentiment suggests further losses are likely. The ratio of long to short positions in the USDCHF stands at 1.94 as nearly 66% of traders are long. Yesterday, the ratio was at 1.67 as 63% of open positions were long. In detail, long positions are 5.2% lower than yesterday and 13.6% stronger since last week. Short positions are 18.7% lower than yesterday and 23.1% weaker since last week. Open interest is 10.2% weaker than yesterday and 29.5% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.