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US Dollar/Swiss Franc Forecast to Rally
Thursday, 26 February 2009 13:25:48 GMT  |  David Rodriguez, Quantitative Analyst
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USD/CHF ratio: -1.05
Trading Forecast: Bullish

US Dollar/Swiss Franc

USDCHF – The ratio of long to short positions in the USDCHF stands at -1.04 as nearly 51% of traders are short. Yesterday, the ratio was at 1.35 as 57% of open positions were long. In detail, long positions are 3.7% lower than yesterday and 19.8% stronger since last week. Short positions are 35.7% higher than yesterday and 34.6% stronger since last week. Open interest is 13.1% stronger than yesterday and 6.5% below 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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