[B]USD/CHF Ratio: -1.27
Trading Forecast: Bullish[/B]
[B]Forex Positioning in the USDCHF[/B]
[B]USDCHF –[/B] The ratio of long to short positions in the USDCHF stands at -1.25 as nearly 56% of traders are short. Yesterday, the ratio was at -1.31 as 57% of open positions were short. In detail, long positions are 25.6% higher than yesterday and 9.1% weaker since last week. Short positions are 19.2% higher than yesterday and 26.9% weaker since last week. Open interest is 21.9% stronger than yesterday and 25.2% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.