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Swiss Franc Likely to Trade in Range

Swiss Franc Likely to Trade in Range

David Rodriguez, Head of Product
ssi_usd-chf_body_Picture_10.png, Swiss Franc Likely to Trade in Range

USDCHF – Forex trading crowds remain net-long the US Dollar against the Swiss Franc but have scaled back long positions. Mixed sentiment gives us a similarly unclear outlook on the slow-moving USDCHF pair.

The ratio of long to short positions in the USDCHF stands at 1.52 as nearly 60% of traders are long. Yet shorts are up 15.2% from last week while longs have fallen 14.8%. The USDCHF continues trading in a relatively quiet trading range, and we may have to see a bigger swing in sentiment to take a strong stance on the US Dollar/Swiss Franc exchange rate.

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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