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Friday, February 10, 2023
HomeBusiness NewsForex00 GMT when USD/CAD traded close to 1.34.

00 GMT when USD/CAD traded close to 1.34.


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The variety of net-short merchants elevated by 9.43% from the earlier week.

Signal buying and selling bias net-long % net-short % change in the long term develop into shorts convert to oi
usd/cad recession 52.01% 47.99%

6.96% every day

38.33% weekly

-12.56% every day

9.43% weekly

-3.39% every day

22.77% weekly

USD/CAD: Retail dealer information reveals that 52.01% merchants are net-long with the ratio of lengthy merchants at 1.08 to 1. The truth is, merchants remained net-long since Feb 03 when the USD/CAD traded round 1.34, taking the worth 0.36% decrease since then. The variety of net-long merchants is 6.96% greater than yesterday and 38.33% greater than final week, whereas the variety of net-short merchants is 12.56% decrease than yesterday and 9.43% greater than final week.

We usually take an reverse view to crowd sentiment, and the truth that merchants are net-long suggests USD/CAD costs The autumn might proceed.

Our information reveals that merchants at the moment are net-long USD/CAD for the primary time since Feb 03, 2023 13:00 GMT when USD/CAD traded close to 1.34. Merchants are greater net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a robust USD/CAD- Bearish contrarian buying and selling bias.



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