USD/CAD: Ratio: 2.31 Signal: Bearish
Currency Last Week Present % Long % Change in Positions Outstanding Signal USDCAD + 2.31 +1.89 65% -1.53% Bearish
USDCAD – The ratio of long to short positions in the USDCAD stands at 1.91 as nearly 66% of traders are long. Yesterday, the ratio was at 2.10 as 68% of open positions were long. In detail, long positions are 3.8% lower than yesterday and 6.3% weaker since last week. Short positions are 5.9% higher than yesterday and 5.6% stronger since last week. Open interest is 0.7% weaker than yesterday and 17.4% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.