FXCM SSI: USDCAD's Extreme Long Reading Holds Out Despite Push To New Lows

        quote
        ratio
        %long
        signal
           EURUSD
        1.38597
        -2.32
        30%
        Bullish
           GBPUSD
        1.99561
        1.18
        54%
        Bearish
           USDJPY
        114.898
        1.63
        62%
        Bearish
           USDCHF
        1.18732
        3.21
        76%
        Bearish
           USDCAD
        1.03042
        4.74
        83%
        Bearish

[B]EURUSD[/B] - The ratio of long to short positions in the EURUSD stands at -2.32 as nearly 70% of traders are short. Yesterday, the ratio was at -2.46 as 71% of open positions were short. In detail, long positions are 8.1% higher than yesterday and 6.5% stronger since last week. Short positions are 1.8% higher than yesterday and 13.5% stronger since last week. Open interest is 3.6% stronger than yesterday and 10.4% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
[B]GBPUSD[/B] - The ratio of long to short positions in the GBPUSD stands at 1.18 as nearly 54% of traders are long. Yesterday, the ratio was at 1.18 as 54% of open positions were long. In detail, long positions are 4.1% higher than yesterday and 0.3% stronger since last week. Short positions are 4.6% higher than yesterday and 17.0% stronger since last week. Open interest is 4.3% stronger than yesterday and 14.4% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
[B]USDJPY[/B] - The ratio of long to short positions in the USDJPY stands at 1.63 as nearly 62% of traders are long. Yesterday, the ratio was at 1.56 as 61% of open positions were long. In detail, long positions are 3.0% higher than yesterday and 16.7% stronger since last week. Short positions are 1.3% lower than yesterday and 77.1% stronger since last week. Open interest is 1.3% stronger than yesterday and 17.5% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
[B]USDCHF[/B] - The ratio of long to short positions in the USDCHF stands at 3.21 as nearly 76% of traders are long. Yesterday, the ratio was at 2.91 as 74% of open positions were long. In detail, long positions are 0.7% higher than yesterday and 35.3% stronger since last week. Short positions are 8.7% lower than yesterday and 5.1% stronger since last week. Open interest is 1.7% weaker than yesterday and 2.3% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
[B]USDCAD[/B] - The ratio of long to short positions in the USDCAD stands at 4.74 as nearly 83% of traders are long. Yesterday, the ratio was at 4.98 as 83% of open positions were long. In detail, long positions are 1.0% lower than yesterday and 29.8% stronger since last week. Short positions are 3.9% higher than yesterday and 8.6% stronger since last week. Open interest is 0.2% weaker than yesterday and 22.4% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
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