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Swiss Franc Expected to Rally Versus US Dollar
Thursday, 14 May 2009 14:51:02 GMT  |  David Rodriguez, Quantitative Strategist
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USD/CHF ratio: 2.52
Trading Forecast: Bearish

2009.05.14_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 2.51 as nearly 71% of traders are long. Yesterday, the ratio was at 2.24 as 69% of open positions were long. In detail, long positions are 7.1% higher than yesterday and 34.0% stronger since last week. Short positions are 4.2% lower than yesterday and 7.3% stronger since last week. Open interest is 3.6% stronger than yesterday and 17.4% above its monthly average. The SSI is a contrarian indicator and signals further USDCHF losses.

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