Swiss Franc Expected to Strengthen
USDCHF – The ratio of long to short positions in the USDCHF stands at 3.01 as nearly 75% of traders are long. Yesterday, the ratio was at 3.25 as 76% of open positions were long. In detail, long positions are 5.5% lower than yesterday and 2.5% weaker since last week. Short positions are 1.9% higher than yesterday and 19.4% stronger since last week. Open interest is 3.8% weaker than yesterday and 55.7% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
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