News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since May 05, 2022 20:00 GMT when USD/CAD traded near 1.28.

USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since May 05, 2022 20:00 GMT when USD/CAD traded near 1.28.

Research, Research Team
USD/CAD Client Positioning

Number of traders net-short has decreased by 14.62% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/CAD

BEARISH

50.07%

49.93%

1.37% Daily

5.13% Weekly

-20.17% Daily

-14.62% Weekly

-10.67% Daily

-5.75% Weekly

USD/CAD: Retail trader data shows 50.07% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since May 05 when USD/CAD traded near 1.28, price has moved 1.02% higher since then. The number of traders net-long is 1.37% higher than yesterday and 5.13% higher from last week, while the number of traders net-short is 20.17% lower than yesterday and 14.62% 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 May 05, 2022 20:00 GMT when USD/CAD traded near 1.28. 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.

Advertisement

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES