Our data shows traders are now at their least net-long USD/CAD since Jul 20 when USD/CAD traded near 1.35.

0
17
USD / CAD Client Positioning

The number of net-short traders increased by 42.56% from last week.

SYMBOL

Trading BIAS

LONG RET%

NET SHORT%

CHANGE IN LONG

CHANGE IN SHORTS

CHANGE IN OI

USD / CAD

BULLISH

46.16%

53.84%

-14.26%
Every day

-34.35%
Weekly

10.57%
Every day

42.56%
Weekly

-2.47%
Every day

-7.47%
Weekly

USD / CAD: Data on retail traders show that 46.16% of traders are net-long with the proportion of traders short to long at 1.17 to 1. Our data shows that traders are now at least net USD / CAD since July 20, when USD / CAD traded close to 1.35. The number of net-long traders is 14.26% lower than yesterday and 34.35% lower than last week, while the number of net-short traders is 10.57% higher than yesterday and 42.56% higher than last week.

We usually consider an opposite view of crowd sentiment, and the fact that traders are short suggests that USD / CAD prices may rise.

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



Source

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