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Swiss Franc Shows Mixed Positioning, Outlook

Swiss Franc Shows Mixed Positioning, Outlook

2011-12-15 16:07:00
David Rodriguez, Head of Product
Share:
ssi_usd-chf_body_Picture_10.png, Swiss Franc Shows Mixed Positioning, Outlook

USDCHF – Trading crowds remain indecisive in the US Dollar/Swiss Franc pair, and our short-term trading bias is admittedly unclear as the USDCHF sticks to tight trading ranges.

The ratio of long to short positions in the USDCHF stands at 1.26 as nearly 56% of traders are long. Yesterday, the ratio was at -1.55 as 61% of open positions were short. In detail, long positions are 54.6% higher than yesterday and 43.9% stronger since last week. Short positions are 21.1% lower than yesterday and 14.6% stronger since last week.

The sharp shift towards buying gives us a modestly bearish short-term trading bias. Yet we caution against taking aggressive short positions against what has been a fairly clear USDCHF uptrend.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com

Contact David via Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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