Forexrobots24

forex advisor developer

USD/CAD IG Client Sentiment: Our data shows traders are now at their most net-long USD/CAD since Oct 15 when USD/CAD traded near 1.32.

USD/CAD Client Positioning

Number of traders net-short has decreased by 69.48% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/CAD

BEARISH

81.83%

18.17%

10.43% Daily

32.29% Weekly

-21.23% Daily

-69.48% Weekly

2.92% Daily

-17.62% Weekly

USD/CAD: Retail trader data shows 81.83% of traders are net-long with the ratio of traders long to short at 4.50 to 1. Our data shows traders are now at their most net-long USD/CAD since Oct 15 when USD/CAD traded near 1.32. The number of traders net-long is 10.43% higher than yesterday and 32.29% higher from last week, while the number of traders net-short is 21.23% lower than yesterday and 69.48% lower from last week.

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

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

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