USD/CAD Ratio: 1.68 Signal: Bearish
Currency Last Week %Long %Change in Positions Outstanding
USD/CAD 1.93 63% 10.64%
USDCAD – The ratio of long to short positions in the USDCAD stands at 1.88 as nearly 65% of traders are long. Yesterday, the ratio was at 2.03 as 67% of open positions were long. In detail, long positions are 4.8% lower than yesterday and 5.0% weaker since last week. Short positions are 2.7% higher than yesterday and 0.1% weaker since last week. Open interest is 2.3% weaker than yesterday and 9.2% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
Wrtitten By David Rodriguez, Currency Analyst for DailyFx.com