USDCHF – One of our sentiment-based currency trading systems is currently long the US Dollar against the Swiss Franc, as a sharp shift in positioning gives us a short-term bullish bias on the USDCHF. The ratio of long to short positions in the USDCHF stands at 1.05 as nearly 51% of traders are long. In detail, long positions are 1.5% higher than yesterday and 23.3% weaker since last week. Short positions are 1.5% lower than yesterday and a noteworthy 75.4% stronger since last week. The impressive shift in positioning gives us a short-term signal to buy the USDCHF.
