[B]USD/CHF[/B][B] Ratio: -1.26
[/B][B]Signal: Bullish[/B]
[B]Currency[/B] [B]Last Week[/B] [B]Present*[/B] [B]% Long[/B] [B]% Change in Positions Outstanding[/B] [B]Signal[/B] USDCHF -1.23 [B]-1.26[/B] 44% -8.00% Bullish
[B]USDCHF – [/B]Though the USDCHF’s Speculative Sentiment Index reading has been relatively restrained through an accelerated drop to record lows, contrarian retail positioning is nonetheless generating a louder reversal signal. Though the -1.26 reading from today and -1.23 figure from last week are very modest compared to the pair’s positive readings from last summer and fall, the indicator hasn’t seen such consistently negative positioning since October of 2006. The details show that open interest has risen 11.3% stronger than yesterday and 5.7% above its monthly average; but it has also fallen substantially from last week. This is seen more fully in the individual legs of positioning. Longs have grown 4.1% from Wednesday, but have dropped 36.3% over last week. Short positions jumped 17.8% from yesterday and plunged 42.6% through the week.