[B]USD/CHF ratio: 2.52
Trading Forecast: Bearish[/B]
[B]USDCHF[/B] – Our forex trading strategies have aggressively sold into USD/CHF weakness, as one-sided sentiment suggests further losses are likely. The ratio of long to short positions in the USDCHF stands at 2.51 as nearly 71% of traders are long. Yesterday, the ratio was at 2.24 as 69% of open positions were long. In detail, long positions are 7.1% higher than yesterday and 34.0% stronger since last week. Short positions are 4.2% lower than yesterday and 7.3% stronger since last week. Open interest is 3.6% stronger than yesterday and 17.4% above its monthly average. The SSI is a contrarian indicator and signals further USDCHF losses.