USDCHF-Forex Trading Signals Buy the USDCHF on SSI-based Forecasts

USD/CHF Ratio: -1.41
Trading Forecast: Bullish

USDCHF – Our forex trading indicator currently forecasts that the USDCHF may rally through the near term. The ratio of long to short positions in the USDCHF stands at -1.40 as nearly 58% of traders are short. Yesterday, the ratio was at -1.59 as 61% of open positions were short. In detail, long positions are 13.4% higher than yesterday and 41.5% weaker since last week. Short positions are 0.2% higher than yesterday and 30.0% weaker since last week. The SSI is a contrarian indicator and signals more USDCHF gains. Our contrarian positioning indicator accurately forecast that the US Dollar would rally against the Swiss franc through recent trade, and our SSI-based forex trading signals on DailyFX+ actually bought the USDCHF at 1.0887, 1.1016, and 1.1038.