Number of traders net-short has decreased by 17.23% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIUS
Number of traders net-short has decreased by 17.23% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/CAD | BEARISH | 50.26% | 49.74% |
1.81% Daily 19.82% Weekly |
-1.02% Daily -17.23% Weekly |
0.39% Daily -2.01% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 2% | 0% | 1% |
| Weekly | 19% | -17% | -2% |
USD/CAD: Retail trader data shows 50.26% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Jul 18 when USD/CAD traded near 1.37, price has moved 0.30% lower since then. The number of traders net-long is 1.81% higher than yesterday and 19.82% higher from last week, while the number of traders net-short is 1.02% lower than yesterday and 17.23% 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 Jul 18, 2024 when USD/CAD traded near 1.37. 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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