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US Dollar/Swiss Franc Positioning Forecasts Further Strength

Thursday, 13 November 2008 14:35:34 GMT

Written by David Rodriguez, Quantitative Analyst

USD/CHF Ratio: -1.89
Trading Forecast: Bullish

Forex Positioning in the US Dollar/Swiss Franc Pair

Forex_Trading_2008-11-13_5

USDCHF – The ratio of long to short positions in the USDCHF stands at -1.86 as nearly 65% of traders are short. Yesterday, the ratio was at -2.29 as 70% of open positions were short. In detail, long positions are 16.3% higher than yesterday and 10.4% weaker since last week. Short positions are 5.6% lower than yesterday and 5.0% stronger since last week. Open interest is 1.1% stronger than yesterday and 38.4% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

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