SSI: USDCHF Ratio at Bullish Extremes as Pair Slips to a Fresh Yearly Low
Tuesday, 08 September 2009 09:20:44 GMT
Written by David Song, Currency Analyst
Intraday Highlight:
USDCHF - The ratio of long to short positions in the USDCHF stands at 4.29 as nearly 81% of traders are long. Yesterday, the ratio was at 3.09 as 76% of open positions were long. In detail, long positions are 24.0% higher than yesterday and 33.9% stronger since last week. Short positions are 10.8% lower than yesterday and 24.5% weaker since last week. Open interest is 15.5% stronger than yesterday and 21.1% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
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