USD/CHF Ratio: -1.17 Trading Signal: Bullish
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.