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|
-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.