SSI Points To Further Franc Declines

Published April 3rd, 2008 - 10:45 GMT
Al Bawaba
Al Bawaba

USD/CHF Ratio: -1.52
Signal: Bullish



Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USDCHF -1.26 -1.52 40% -16.09% Bullish


USDCHF – Though USDCHF has recently taken its cues from the yen-based major, the two have begun to diverge with both sentiment and underlying price action. While USDJPY has just marked a flip this weak, USDCHF positioning has held net negative for nearly a month now. At the same time, though the franc-based pair has entertained a negative reading for far longer than its yen counterpart, the USDCHF upside has been far more modest than what USDJPY has seen in just the past few days. The USDCHF ratio stands at