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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.20%, while traders in France 40 are at opposite extremes with 82.49%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/sCyvK3iy6d
  • The $USD gained versus SGD and IDR despite a “risk-on” tone in markets, boosted by strong declines in the Euro. What is the week ahead for USD/SGD, USD/IDR, USD/PHP and USD/MYR? Get your market update from @ddubrovskyFX here: https://t.co/3zCSbkEQ2c https://t.co/uFdMkQrZtZ
  • RT @SaraWalker_IG: Watch Anglo American at the open $AAL after higher #PALLADIUM prices boosted results, FY profit up 9% in line with estim…
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.05% Gold: -0.14% Silver: -0.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Vctc4lToMc
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.00% 🇪🇺EUR: -0.14% 🇨🇦CAD: -0.18% 🇯🇵JPY: -0.33% 🇦🇺AUD: -0.58% 🇳🇿NZD: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/oCl2xnI9yd
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: 0.11% Wall Street: 0.10% France 40: 0.01% Germany 30: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/UWRcuQLyJ0
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/7NYdsv43yx
  • European Opening Calls From IG: #FTSE 7450 -0.09% #DAX 13774 -0.11% #CAC 6103 -0.13% #AEX 628 -0.22% #MIB 25419 -0.23% #IBEX 10067 -0.17% #STOXX 3857 -0.22%
  • Heads Up:🇨🇭 CHF Industrial Output w.d.a. (YoY) (4Q) due at 07:30 GMT (15min), Actual: N/A Expected: N/A Previous: 8.0% https://www.dailyfx.com/economic-calendar#2020-02-20
  • GBP/USD Technical Analysis: British Pound Trend Reversal in Play - https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2020/02/20/GBPUSD-Technical-Analysis-British-Pound-Trend-Reversal-in-Play.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #GBPUSD #technicalanalysis https://t.co/R74kxDFLc7
Canadian Dollar Forecast to Rally Further

Canadian Dollar Forecast to Rally Further

2011-12-08 17:14:00
David Rodriguez, Head of Product
Share:
ssi_usd-cad_body_Picture_11.png, Canadian Dollar Forecast to Rally Further

USDCAD – Trading crowds remain aggressively long the US Dollar against the Canadian Dollar, giving us contrarian signal that the USDCAD could trade to further lows.

The ratio of long to short positions in the USDCAD stands at 2.50 as nearly 71% of traders are long. Yesterday, the ratio was at 2.70 as 73% of open positions were long. In detail, long positions are 7.1% lower than yesterday and 32.8% stronger since last week. Short positions are 0.3% higher than yesterday and 5.5% weaker since last week.

A bearish USDCAD bias lines up with FX options analysis, while CFTC Commitment of Traders data shows Non Commercial traders are aggressively net-long. There is considerable risk that an end-of-year deleveraging could push the USDCAD lower.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com

Contact David via Twitter at http://www.twitter.com/DRodriguezFX

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

DISCLOSURES

News & Analysis at your fingertips.