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Swiss Franc Expected to Strengthen

Swiss Franc Expected to Strengthen

2010-03-11 15:54:00
David Rodriguez, Head of Business Development
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 SSI311usdchf

USDCHF – The ratio of long to short positions in the USDCHF stands at 3.13 as nearly 76% of traders are long. Yesterday, the ratio was at 3.21 as 76% of open positions were long. In detail, long positions are 6.0% higher than yesterday and 135.2% stronger since last week. Short positions are 8.4% higher than yesterday and 3.4% stronger since last week. Open interest is 6.6% stronger than yesterday and 65.0% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

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