FOREX ALERTS >>
DailyFX Plus Login

cad ssi

Article

Canadian Dollar Forecast to Decline Against USD
Thursday, 05 March 2009 13:43:37 GMT  |  David Rodriguez, Quantitative Analyst
Delicious
Facebook

USD/CAD ratio: -1.63
Trading Forecast: Bullish

US Dollar/Canadian Dollar

USDCAD – The ratio of long to short positions in the USDCAD stands at -1.63 as nearly 62% of traders are short. Yesterday, the ratio was at -1.91 as 66% of open positions were short. In detail, long positions are 20.4% higher than yesterday and 8.8% stronger since last week. Short positions are 3.0% higher than yesterday and 121.4% stronger since last week. Open interest is 9.0% stronger than yesterday and 23.8% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD gains. Tell us and other traders what you think in our forex forum.

More Articles

Feedback Form