Swiss Franc Predicted to Continue Advance
USDCHF – Crowds have remained net-long the US Dollar against the Swiss Franc since the pair traded near the 1.10 mark, giving consistent contrarian signal to stay short the fast-falling pair. The ratio of long to short positions in the USDCHF stands at 6.80 as nearly 87% of traders are long. Yesterday, the ratio was at 6.80 as 87% of open positions were long. In detail, long positions are 11.3% higher than yesterday and 90.3% stronger since last week. Short positions are 11.2% higher than yesterday and 22.2% weaker since last week. Open interest is 11.2% stronger than yesterday and 52.1% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
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