Swiss Franc Expected to Rally Further Versus US Dollar

[B]USD/CHF ratio: 3.10
Trading Forecast: Bearish[/B]

USDCHF [/B]– As with other major currency pairs, our forex trading signals are effectively flat the US Dollar against the Swiss Franc. The ratio of long to short positions in the USDCHF stands at 3.02 as nearly 75% of traders are long. Yesterday, the ratio was at 2.56 as 72% of open positions were long. In detail, long positions are 13.3% higher than yesterday and 31.4% stronger since last week. Short positions are 4.0% lower than yesterday and 14.4% weaker since last week. The extremely net-long SSI ratio favors further USDCHF losses.