Forexrobots24

forex advisor developer

USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Jun 15, 2022 when USD/CAD traded near 1.29.

USD/CAD Client Positioning

Number of traders net-short has decreased by 17.70% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


USD/CAD

BEARISH

50.00%

50.00%

12.04%
Daily

0.00%
Weekly

-14.71%
Daily

-17.70%
Weekly

-3.15%
Daily

-9.71%
Weekly

USD/CAD: Retail trader data shows 50.00% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Jun 15 when USD/CAD traded near 1.29, price has moved 1.46% higher since then. The number of traders net-long is 12.04% higher than yesterday and unchanged from last week, while the number of traders net-short is 14.71% lower than yesterday and 17.70% 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.

Our data shows traders are now net-long USD/CAD for the first time since Jun 15, 2022 when USD/CAD traded near 1.29. 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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