SSI Grows Further Net Long As USDCHF Drops Below Support

Published January 31st, 2008 - 08:45 GMT
Al Bawaba
Al Bawaba

USD/CHF Ratio: 1.70
Signal: Bearish



Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USD/CHF 1.54 1.70 63% 29.20% Bearish


USDCHF - The ratio of long to short positions in the USDCHF stands at 1.71 as nearly 63% of traders are long. Yesterday, the ratio was at 1.53 as 60% of open positions were long. In detail, long positions are 28.8% higher than yesterday and 51.3% stronger since last week. Short positions are 15.0% higher than yesterday and 3.7% stronger since last week. Open interest is 23.4% stronger than yesterday and 11.1% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.