USD/CHF ratio: 1.86
Trading Forecast: Bearish

USDCHF – Choppy price action in the USD/CHF has left our forex trading strategies flat through recent trade, but one-sided sentiment suggests further USD/CHF losses are likely. The ratio of long to short positions in the USDCHF stands at 1.88 as nearly 65% of traders are long. Yesterday, the ratio was at 1.96 as 66% of open positions were long. In detail, long positions are 12.5% higher than yesterday and 74.0% stronger since last week. Short positions are 17.6% higher than yesterday and 23.6% weaker since last week. Open interest is 14.3% stronger than yesterday and 50.6% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.