USDCHF–Retail forex trading crowds have remained steadily net-long the US Dollar (ticker: USDOLLAR) versus the Swiss Franc since it crossed below SFr 0.9500, and relatively unchanged sentiment gives us little reason to go against our contrarian bearish trading bias.
According to our proprietary Speculative Sentiment Index data, there are currently 3.7 traders long USDCHF for every 1 short. This is almost unchanged from the 4.0:1 seen last week, and we remain bearish as a result.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
New to FX markets? Learn more in our video trading guide.
Contact David via
Twitter at http://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX
- Investment & Company Information