Swiss Franc Expected to Strengthen
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.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.