Forex Traders Remain Bearish, Signal Rallies

Published September 4th, 2008 - 06:51 GMT
Al Bawaba
Al Bawaba

USD/CHF Ratio: -1.32
Trading Signal: Bullish



Forex Positioning in the US Dollar/ Swiss Franc

 

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USDCHF -1.22 -1.32 43% -20.79% Bullish


 

USDCHF – The ratio of long to short positions in the USDCHF stands at -1.31 as nearly 57% of traders are short. Yesterday, the ratio was at -1.55 as 61% of open positions were short. In detail, long positions are 11.1% higher than yesterday and 11.6% weaker since last week. Short positions are 6.4% lower than yesterday and 26.5% weaker since last week. Open interest is 0.5% stronger than yesterday and 14.3% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains. Keep up to date on the Swiss Franc in our currency rooms.