Long Positioning Grows More Extreme

Published January 17th, 2008 - 08:33 GMT
Al Bawaba
Al Bawaba

USD/CHF Ratio: 1.60
Signal: Bearish



Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USD/CHF 1.45 1.60 62% -1.33% Bearish


USDCHF - The ratio of long to short positions in the USDCHF stands at 1.60 as nearly 62% of traders are long. Yesterday, the ratio was at 1.53 as 60% of open positions were long. In detail, long positions are 9.0% lower than yesterday and 14.8% stronger since last week. Short positions are 13.3% lower than yesterday and 19.6% weaker since last week. Open interest is 10.7% weaker than yesterday and 8.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.