Our data shows traders are now at their least net-long USD/CAD since Oct 04 when USD/CAD traded near 1.33.

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USD/CAD Client Positioning

Number of traders net-short has increased by 45.01% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/CAD

BULLISH

19.46%

80.54%

-29.79%
Daily

-46.25%
Weekly

25.09%
Daily

45.01%
Weekly

8.58%
Daily

9.00%
Weekly

USD/CAD: Retail trader data shows 19.46% of traders are net-long with the ratio of traders short to long at 4.14 to 1. Our data shows traders are now at their least net-long USD/CAD since Oct 04 when USD/CAD traded near 1.33. The number of traders net-long is 29.79% lower than yesterday and 46.25% lower from last week, while the number of traders net-short is 25.09% higher than yesterday and 45.01% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CAD prices may continue to rise.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.





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