Swiss Franc Short-term Bias Turns Bearish
USDCHF – The ratio of long to short positions in the USDCHF stands at -1.07 as nearly 52% of traders are short. Yesterday, the ratio was at -1.29 as 56% of open positions were short. In detail, long positions are 0.7% lower than yesterday and 3.5% stronger since last week. Short positions are 17.7% lower than yesterday and 6.0% weaker since last week. Open interest is 10.3% weaker than yesterday and 27.5% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.
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