Swiss Franc May Strengthen against Dollar
USDCHF – The ratio of long to short positions in the USDCHF stands at 2.56 as nearly 72% of traders are long. Yesterday, the ratio was at 2.11 as 68% of open positions were long. In detail, long positions are 5.6% higher than yesterday and 24.9% stronger since last week. Short positions are 13.1% lower than yesterday and 9.7% weaker since last week. Open interest is 0.4% weaker than yesterday and 14.5% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
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