Swiss Franc Outlook Calls for Further Loses
The ratio of long to short positions in the USDCHF stands at -1.94 as nearly 66% of traders are short. Yesterday, the ratio was at -1.82 as 65% of open positions were short. In detail, long positions are 5.9% lower than yesterday and 17.3% weaker since last week. Short positions are 0.1% higher than yesterday and 14.3% stronger since last week. Open interest is 2.0% weaker than yesterday and 6.6% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.
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--- Written by Christopher Vecchio, Currency Analyst for DailyFX.com
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