Our data shows traders are now net-short USD/CAD for the first time since Jan 25, 2024 when USD/CAD traded near 1.35.
- February 5, 2024
Number of traders net-short has increased by 12.34% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
|
Daily Weekly |
Daily Weekly |
Daily Weekly |
USD/CAD : In fact, traders have remained net-short since Jan 25 when USD / CAD traded near 1.35, price has moved 0.07% lower since then. The number of traders net-long is 1.44% higher than yesterday and 20.32% lower from last week, while the number of traders net-short is 3.50% higher than yesterday and 12.34% higher from last week.
Our data shows traders are now net-short USD/CAD for the first time since Jan 25, 2024 when USD/CAD traded near 1.35. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.