FOREX ALERTS >>
DailyFX Plus Login

chf ssi

Article

Forex Sentiment Flips on the USD/CHF
Thursday, 12 February 2009 13:41:13 GMT  |  David Rodriguez, Quantitative Analyst
Delicious
Facebook

USD/CHF ratio: 1.19
Trading Forecast: Bearish

US Dollar/Swiss Franc

USDCHF – Our forex positioning indicator recently flipped its bias on the US Dollar/Swiss Franc currency pair, as traders have now turned net long the USD/CHF. Indeed, the ratio of long to short positions in the USDCHF stands at 1.19 as nearly 54 percent of traders are long. Yesterday, the ratio was at -1.31 as 57 percent of open positions were short. In detail, long positions are 28.1% higher than yesterday and 29.1% stronger since last week. Short positions are 17.7% lower than yesterday and 7.6% stronger since last week. Open interest is 2.1% stronger than yesterday and 21.3% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses. As a result, our forex trading signals are currently short the USD/CHF.

More Articles

Feedback Form