USD/CAD Client Positioning

Number of traders net-short has decreased by 8.21% 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%

1.87% Daily

19.44% Weekly

-5.47% Daily

-8.21% Weekly

-1.93% Daily

3.82% 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 Sep 13 when USD/CAD traded near 1.32, price has moved 2.63% higher since then. The number of traders net-long is 1.87% higher than yesterday and 19.44% higher from last week, while the number of traders net-short is 5.47% lower than yesterday and 8.21% 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 Sep 13, 2022 when USD/CAD traded near 1.32. 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.





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