Swiss Franc Short-term Bias Very Bearish
USDCHF – The ratio of long to short positions in the USDCHF stands at -1.57 as nearly 61% of traders are short. Yesterday, the ratio was at -1.42 as 59% of open positions were short. In detail, long positions are 7.6% lower than yesterday and 8.3% weaker since last week. Short positions are 2.3% higher than yesterday and 6.8% stronger since last week. Open interest is 1.8% weaker than yesterday and 18.2% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains, and two of our SSI-based trading systems are currently long.
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