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Swiss Franc Forecast to Gain Against USD
Thursday, 09 April 2009 15:42:50 GMT  |  David Rodriguez, Quantitative Strategist
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USD/CHF ratio: -1.10
Trading Forecast: Bullish

040909_ssi_5

USDCHF –The ratio of long to short positions in the USDCHF stands at -1.09 as nearly 52% of traders are short. Yesterday, the ratio was at 1.32 as 57% of open positions were long. In detail, long positions are 31.0% lower than yesterday and 10.2% weaker since last week. Short positions are 1.4% lower than yesterday and 30.6% stronger since last week. Open interest is 18.2% weaker than yesterday and 11.6% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains. The SSI is a contrarian indicator and signals more USDCHF losses. Our forex trading signals are accordingly short the USD/CHF.

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