Your Source for Daily FOREX Market News and Analysis
Sunday, 08 November 2009 GMT
FOREX ALERTS >>
cad ssi
Article
Canadian Dollar Forecast Remains Bullish Against US Dollar
Thursday, 07 May 2009 14:49:26 GMT
|
Previous Articles
Print
- Friday, 18 September 2009 15:14:27 GMT Canadian Dollar Forecast to Gain Further
- Thursday, 13 August 2009 14:51:32 GMT Canadian Dollar Expected to Gain vs. US Dollar
- Thursday, 30 July 2009 14:21:05 GMT Canadian Dollar Forecast to Gain vs. US Dollar
- Thursday, 16 July 2009 14:26:03 GMT Canadian Dollar Trades at Key Resistance
- Thursday, 02 July 2009 15:28:04 GMT Canadian Dollar Forecast Summarily Unclear Versus US Dollar
- Thursday, 04 June 2009 14:22:28 GMT Canadian Dollar Forecast Remains Bullish Against US Dollar
- Thursday, 28 May 2009 14:45:03 GMT Canadian Dollar Forecast Remains Bullish Against US Dollar
- Thursday, 21 May 2009 14:19:23 GMT Canadian Dollar Forecast Remains Bullish Against US Dollar
- Thursday, 14 May 2009 14:52:30 GMT Canadian Dollar Forecast Remains Bullish Against US Dollar
- Thursday, 30 April 2009 14:29:34 GMT Canadian Dollar Forecast Bullish Against US Dollar
- Thursday, 23 April 2009 20:18:56 GMT Canadian Dollar Forecast Abruptly Shifts on Sizeable Declines
- Thursday, 16 April 2009 14:22:18 GMT Canadian Dollar Forecast to Appreciate Against US Dollar
- Thursday, 09 April 2009 15:42:50 GMT Canadian Dollar Expected to Appreciate Against US Dollar
- Thursday, 19 March 2009 13:15:07 GMT Canadian Dollar Expected to Appreciate Against US Dollar
- Thursday, 12 March 2009 14:01:23 GMT Canadian Dollar Expected to Decline Against USD
- Thursday, 05 March 2009 13:43:37 GMT Canadian Dollar Forecast to Decline Against USD
- Thursday, 26 February 2009 13:25:48 GMT Canadian Dollar Bias Bearish Against US Dollar
- Thursday, 19 February 2009 13:41:13 GMT Canadian Dollar Forecast Bearish Against US Dollar
- Thursday, 12 February 2009 13:41:13 GMT Canadian Dollar Forecast Unclear Against US Dollar
- Thursday, 05 February 2009 13:58:12 GMT Canadian Dollar Forecast Unclear Against US Dollar
USD/CAD ratio: 2.63
Trading Forecast: Bearish
USDCAD – Our forex trading signals remain heavily short the US Dollar/Canadian Dollar pair, as extremely one-sided sentiment points to potential for further losses. The ratio of long to short positions in the USDCAD stands at 2.63 as nearly 72% of traders are long. Yesterday, the ratio was at 3.26 as 77% of open positions were long. In detail, long positions are 10.0% lower than yesterday and 22.4% stronger since last week. Short positions are 11.7% higher than yesterday and 22.4% stronger since last week. Open interest is 4.9% weaker than yesterday and 31.0% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
Resources
