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USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Jun 04, 2024 when USD/CAD traded near 1.37.

USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Jun 04, 2024 when USD/CAD traded near 1.37.

Research, Research Team

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USD/CAD Client Positioning

Number of traders net-short has decreased by 19.27% from last week.

SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI
USD/CADBEARISH50.59%49.41%

14.10% Daily

53.21% Weekly

-15.86% Daily

-19.27% Weekly

-2.97% Daily

6.13% Weekly

USD/CAD Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 0% 9% 5%
Weekly -29% 34% -4%
What could changes and extremes in retail trading signal for the market?
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USD/CAD: Retail trader data shows 50.59% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Jun 04 when USD/CAD traded near 1.37, price has moved 0.05% higher since then. The number of traders net-long is 14.10% higher than yesterday and 53.21% higher from last week, while the number of traders net-short is 15.86% lower than yesterday and 19.27% 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 Jun 04, 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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