SSI Grows Further Net Long As USDCHF Drops Below Support

[B]USD[/B][B]/CHF Ratio: 1.70
[/B][B]Signal: Bearish[/B]

                                 [B]Currency[/B]             [B]Last Week[/B]             [B]Present*[/B]             [B]% Long[/B]             [B]% Change in   Positions Outstanding[/B]             [B]Signal[/B]                               USD/CHF             1.54             [B]1.70[/B]             63%             29.20%             Bearish                


[B]USDCHF - [/B]The ratio of long to short positions in the USDCHF stands at 1.71 as nearly 63% of traders are long. Yesterday, the ratio was at 1.53 as 60% of open positions were long. In detail, long positions are 28.8% higher than yesterday and 51.3% stronger since last week. Short positions are 15.0% higher than yesterday and 3.7% stronger since last week. Open interest is 23.4% stronger than yesterday and 11.1% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.