Forex analysis

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  • 10:29:16 pm on November 13, 2008 | # |
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    USDCHF - The ratio of long to short positions in the USDCHF stands at -1.88 as nearly 65% of traders are short. Yesterday, the ratio was at -2.26 as 69% of open positions were short. In detail, long positions are 1.6% lower than yesterday and 9.4% stronger since last week. Short positions are 18.2% lower than yesterday and 9.4% stronger since last week. Open interest is 13.1% weaker than yesterday and 97.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

    USDCAD - The ratio of long to short positions in the USDCAD stands at 2.27 as nearly 69% of traders are long. Yesterday, the ratio was at 2.45 as 71% of open positions were long. In detail, long positions are 2.0% lower than yesterday and 2.4% weaker since last week. Short positions are 5.9% higher than yesterday and 18.2% stronger since last week. Open interest is 0.3% stronger than yesterday and 105.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

    AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.41 as nearly 58% of traders are short. Yesterday, the ratio was at -1.38 as 58% of open positions were short. In detail, long positions are 6.4% lower than yesterday and 0.4% stronger since last week. Short positions are 4.4% lower than yesterday and 4.1% weaker since last week. Open interest is 5.2% weaker than yesterday and 93.6% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

    NZDUSD - The ratio of long to short positions in the NZDUSD stands at -2.44 as nearly 71% of traders are short. Yesterday, the ratio was at -2.71 as 73% of open positions were short. In detail, long positions are 6.6% higher than yesterday and 14.7% weaker since last week. Short positions are 3.9% lower than yesterday and 3.9% weaker since last week. Open interest is 1.1% weaker than yesterday and 100.7% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

     

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