USD/CAD Ratio: 1.84
Trading Signal: Bearish
Forex Positioning for the US Dollar/Canadian Dollar
| Currency | Last Week | Present* | % Long | % Change in Positions Outstanding | Signal |
| USDCAD | 1.89 | 1.84 | 64% | -26.75% | Bearish |
USDCAD – The ratio of long to short positions in the USDCAD stands at 1.81 as nearly 64% of traders are long. Yesterday, the ratio was at 1.55 as 61% of open positions were long. In detail, long positions are 0.2% lower than yesterday and 4.8% weaker since last week. Short positions are 14.4% lower than yesterday and 48.2% weaker since last week. Open interest is 5.8% weaker than yesterday and 23.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses. A Canadian dollar calendar and forex technical updates can be seen in our USDCAD currency room.
