The number of traders net-short has increased by 5.40% from the previous week.
| sign, symbol | trading bias | net-long % | net-short% | CHANGE IN LONGS | abbreviate | OI. change in |
|---|---|---|---|---|---|---|
| USD/CAD | fast | 31.29% | 68.71% |
-13.67% Daily -15.79% weekly |
43.21% Daily 5.40% weekly |
18.73% Daily -2.29% weekly |
USD/CAD: Retail trader data shows that 31.29% of traders are net-long and the ratio of traders short to long is 2.20 to 1. Our data shows that traders are now on their shortest net-long USD/CAD since June 21, when USD/CAD was trading near 1.29. The number of net-long traders is 13.67% lower than yesterday and 15.79% lower than last week, while the number of net-short traders is 43.21% higher than yesterday and 5.40% up from last week.
We generally take the opposite view of crowd sentiment, and the fact that traders are pure-short suggests that USD/CAD prices may continue to rise.
Traders are more pure than yesterday and last week, and the combination of current sentiment and recent changes gives us a strong USD/CAD-Bullish opposite trading bias.
