Number of traders net-short has increased by 43.24% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/CAD | BULLISH | 20.42% | 79.58% |
-17.52% Daily -30.32% Weekly |
4.88% Daily 43.24% Weekly |
-0.63% Daily 17.83% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -21% | 7% | 0% |
| Weekly | -31% | 31% | 12% |
USD/CAD: Retail trader data shows 20.42% of traders are net-long with the ratio of traders short to long at 3.90 to 1. Our data shows traders are now at their least net-long USD/CAD since Mar 12 when USD/CAD traded near 1.38. The number of traders net-long is 17.52% lower than yesterday and 30.32% lower from last week, while the number of traders net-short is 4.88% higher than yesterday and 43.24% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CAD prices may continue to rise.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
element inside the
element. This is probably not what you meant to do!Load your application’s JavaScript bundle inside the element instead.
www.dailyfx.com