Our data shows traders are now at their least net-long USD/CAD since Jun 21 when USD/CAD traded near 1.29.

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USD/CAD Client Position

Number of traders net short increased by 5.40% from last week.

SYMBOL BUSINESS BISAS NET-LENGTH% NET-SHORT% CHANGE IN LONGRES CHANGE INTO SHORTS CHANGE IN OI
USD/CAD EXCITING 31.29% 68.71%

-13.67% Every day

-15.79% Every week

43.21% Every day

5.40% Every week

18.73% Every day

-2.29% Every week

USD/CAD: Retail trader data shows that 31.29% of traders are net long with the ratio of traders short to long at 2.20 to 1. Our data shows that traders are now at least net long USD/CAD since June 21 when USD/CAD traded near 1.29. The number of traders net-long is 13.67% lower than yesterday and 15.79% lower than last week, while the number of traders net-short is 43.21% higher than yesterday and 5.40% higher than last week.

We usually take a contrary view to crowd sentiment, and the fact that traders are net-short suggests that USD/CAD prices will continue to rise.

Traders are more neatly short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD bullish contra trade bias.



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