Swiss Franc Forecast to Strengthen Further
USDCHF - The ratio of long to short positions in the USDCHF stands at 1.59 as nearly 61% of traders are long. Yesterday, the ratio was at 1.64 as 62% of open positions were long. In detail, long positions are 2.3% lower than yesterday and 30.7% stronger since last week. Short positions are 0.7% higher than yesterday and 9.5% weaker since last week. Open interest is 1.2% weaker than yesterday and 10.8% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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