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US Dollar/Swiss Franc Positioning Forecasts Further Strength
Thursday, 20 November 2008 16:34:04 GMT  |  David Rodriguez, Quantitative Analyst
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USD/CHF Ratio: -1.85
Trading Forecast: Bullish

Forex Positioning in the US Dollar/Swiss Franc

Forex_Positioning_2008-11-20_4

USDCHF – The ratio of long to short positions in the USDCHF stands at -1.87 as nearly 65% of traders are short. Yesterday, the ratio was at -2.27 as 69% of open positions were short. In detail, long positions are 26.6% higher than yesterday and 14.0% weaker since last week. Short positions are 4.2% higher than yesterday and 2.1% stronger since last week. Open interest is 11.0% stronger than yesterday and 35.4% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

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