FXCM SSI: USDCAD Longs Grow As Retailers Try To Pick A Bottom

        quote
        ratio
        %long
        signal
           EURUSD
        1.39548
        -2.84
        26%
        Bullish
           GBPUSD
        2.00212
        1.05
        51%
        Bearish
           USDJPY
        115.885
        1.60
        62%
        Bearish
           USDCHF
        1.18236
        3.31
        77%
        Bearish
           USDCAD
        1.01397
        5.19
        84%
        Bearish

[B]
EURUSD[/B] - The ratio of long to short positions in the EURUSD stands at -2.84 as nearly 74% of traders are short. Yesterday, the ratio was at -3.26 as 77% of open positions were short. In detail, long positions are 15.5% higher than yesterday and 2.9% weaker since last week. Short positions are 0.7% higher than yesterday and 7.5% weaker since last week. Open interest is 4.2% stronger than yesterday and 3.6% 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 1.05 as nearly 51% of traders are long. Yesterday, the ratio was at 1.18 as 54% of open positions were long. In detail, long positions are 5.3% lower than yesterday and 8.7% weaker since last week. Short positions are 7.1% higher than yesterday and 19.8% stronger since last week. Open interest is 0.4% stronger than yesterday and 17.5% 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 1.60 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 1.0% lower than yesterday and 12.2% stronger since last week. Short positions are 3.7% lower than yesterday and 72.9% stronger since last week. Open interest is 2.0% weaker than yesterday and 13.9% 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 3.31 as nearly 77% of traders are long. Yesterday, the ratio was at 2.91 as 74% of open positions were long. In detail, long positions are 2.9% higher than yesterday and 38.3% stronger since last week. Short positions are 9.6% lower than yesterday and 4.2% stronger since last week. Open interest is 0.3% weaker than yesterday and 0.9% 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 5.19 as nearly 84% of traders are long. Yesterday, the ratio was at 4.89 as 83% of open positions were long. In detail, long positions are 11.3% lower than yesterday and 6.0% weaker since last week. Short positions are 16.4% lower than yesterday and 8.6% weaker since last week. Open interest is 12.2% weaker than yesterday and 7.4% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
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