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Swiss Franc Expected to Rally Further Versus US Dollar
Thursday, 21 May 2009 14:18:30 GMT  |  David Rodriguez, Quantitative Strategist
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USD/CHF ratio: 2.53
Trading Forecast: Bearish

2009-05-21_ssi_chf

USDCHF – Our forex trading strategies have aggressively sold into USD/CHF weakness, as one-sided sentiment suggests further losses are likely. The ratio of long to short positions in the USDCHF stands at 2.53 as nearly 72% of traders are long. Yesterday, the ratio was at 2.58 as 72% of open positions were long. In detail, long positions are 2.0% higher than yesterday and 6.5% weaker since last week. Short positions are 4.0% higher than yesterday and 3.6% stronger since last week. The SSI is a contrarian indicator and signals more USDCHF losses.

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