Swiss Franc Expected to Strengthen
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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