FOREX ALERTS >>
DailyFX Plus Login

chf ssi

Article

Forex Traders Remain Bearish, Signal Rallies
Thursday, 18 September 2008 15:09:08 GMT  |  David Rodriguez, Quantitative Analyst
Delicious
Facebook

USD/CHF Ratio: -1.17
Trading Signal: Bullish

Forex Positioning in the US Dollar/ Swiss Franc

09-18-09-ssi4

 

USDCHF – Forex trading speculators continue selling the US dollar against the Swiss Franc, and the contrarian signal forecasts that the USDCHF will continue to rally through short-term trading. The ratio of long to short positions in the USDCHF stands at -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at -1.17 as 54% of open positions were short. In detail, long positions are 14.6% lower than yesterday and 16.0% weaker since last week. Short positions are 13.7% lower than yesterday and 23.1% weaker since last week. Open interest is 14.1% weaker than yesterday and 30.2% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

More Articles

Feedback Form