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US Dollar/Swiss Franc Expected to Rally
Thursday, 05 March 2009 13:43:37 GMT  |  David Rodriguez, Quantitative Analyst
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USD/CHF ratio: -1.33
Trading Forecast: Bullish

US Dollar/Swiss Franc

USDCHF – The ratio of long to short positions in the USDCHF stands at -1.33 as nearly 57% of traders are short. Yesterday, the ratio was at -1.13 as 53% of open positions were short. In detail, long positions are 11.6% higher than yesterday and 21.1% stronger since last week. Short positions are 31.3% higher than yesterday and 54.7% stronger since last week. Open interest is 22.0% stronger than yesterday and 5.7% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.  Our forex trading signals are accordingly long the USD/CHF.

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