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Swiss Franc Expected to Strengthen

Swiss Franc Expected to Strengthen

2010-03-25 14:43:00
David Rodriguez, Head of Business Development
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SSI325usdchf

 

 

USDCHF – The ratio of long to short positions in the USDCHF stands at 2.92 as nearly 75% of traders are long. Yesterday, the ratio was at 2.29 as 70% of open positions were long. In detail, long positions are 0.4% lower than yesterday and 4.1% weaker since last week. Short positions are 22.1% lower than yesterday and 0.6% weaker since last week. Open interest is 7.0% weaker than yesterday and 23.7% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

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