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Swiss Franc Forecast Mixed Against Major Counterparts
Thursday, 23 April 2009 14:09:10 GMT  |  David Rodriguez, Quantitative Strategist
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USD/CHF ratio: -1.01
Trading Forecast: Bullish

04-23-09_ssi_5

USDCHF –The ratio of long to short positions in the USDCHF stands at -1.01 as positioning is very near neutral. Yesterday, the ratio was at -1.63 as 62% of open positions were short. In detail, long positions are 17.1% higher than yesterday and 3.9% weaker since last week. Short positions are 27.6% lower than yesterday and 27.0% stronger since last week. Open interest is 10.6% weaker than yesterday and 20.1% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains. Yet the extreme choppiness in market sentiment has made for challenging forecasting conditions through recent trade.

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