Swiss Franc Forecast Slightly Less Positive
USDCHF – The ratio of long to short positions in the USD/CHF stands at 1.03 as nearly 51% of traders are long. Yesterday, the ratio was at -1.23 as 55% of open positions were short. In detail, long positions are 10.1% higher than yesterday and 39.5% weaker since last week. Short positions are 13.3% lower than yesterday and 7.4% stronger since last week. Open interest is 2.8% weaker than yesterday and 12.6% below its monthly average. The SSI is a contrarian indicator and signals more USD/CHF losses.
Written by Christopher Vecchio, Currency Analyst
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