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US Dollar/Swiss Franc Forecast Remains Bullish
Thursday, 19 February 2009 13:41:13 GMT  |  David Rodriguez, Quantitative Analyst
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USD/CHF ratio: -1.10
Trading Forecast: Bullish

US Dollar/Swiss Franc

USDCHF – The ratio of long to short positions in the USDCHF stands at -1.10 as nearly 52% of traders are short. Yesterday, the ratio was at 1.02 as 50% of open positions were long. In detail, long positions are 26.0% higher than yesterday and 37.8% stronger since last week. Short positions are 40.8% higher than yesterday and 42.4% stronger since last week. Open interest is 33.3% stronger than yesterday and 1.8% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains. All the same, our sentiment-based forex trading signals are currently flat the USD/CHF.

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