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Swiss Franc Outlook Turns Bullish

Swiss Franc Outlook Turns Bullish

2012-08-23 14:58:00
David Rodriguez, Head of Product
Share:
ssi_usd-chf_body_Picture_15.png, Swiss Franc Outlook Turns Bullish

Retail FX trading crowds have bought aggressively into recent US Dollar (ticker: USDOLLAR) losses against the Swiss Franc, and a purely contrarian view of crowd sentiment favors further USDCHF declines. In fact traders are now net-long for the longest stretch since the pair traded near SFr 0.9200 in May.

As with other USD pairs, it remains critical to watch whether the US currency can continue lower amidst such low FX market volatility. Yet the build in US Dollar long positions against the Swiss Franc favors further short-term weakness.

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

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

To receive the Speculative Sentiment Index and other reports from this author via e-mail, send a message with subject line “Distribution List” to drodriguez@dailyfx.com; Contact David via Twitter at http://www.twitter.com/DRodriguezFX

Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

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

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