Home Reviews Our knowledge reveals merchants are actually net-long USD/CAD for the primary time...

Our knowledge reveals merchants are actually net-long USD/CAD for the primary time since Sep 12, 2019 when USD/CAD traded close to 1.32.

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Variety of merchants net-short has decreased by 48.99% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/CAD

BEARISH

51.22%

48.78%

30.22%
Day by day

69.36%
Weekly

-33.57%
Day by day

-48.99%
Weekly

-11.32%
Day by day

-20.56%
Weekly

USD/CAD: Retail dealer knowledge reveals 51.22% of merchants are net-long with the ratio of merchants lengthy to quick at 1.05 to 1. In truth, merchants have remained net-long since Sep 12 when USD/CAD traded close to 1.32, value has moved zero.16% decrease since then. The variety of merchants net-long is 30.22% larger than yesterday and 69.36% larger from final week, whereas the variety of merchants net-short is 33.57% decrease than yesterday and 48.99% decrease from final week. We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests USD/CAD costs could proceed to fall. Our knowledge reveals merchants are actually net-long USD/CAD for the primary time since Sep 12, 2019 when USD/CAD traded close to 1.32. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger USD/CAD-bearish contrarian trading bias.

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