[B]USD/CAD[/B][B] Ratio: 2.24
[/B][B]Signal: Bearish[/B]
[B]Currency[/B] [B]Last Week[/B] [B]Present*[/B] [B]% Long[/B] [B]% Change in Positions Outstanding[/B] [B]Signal[/B] USDCAD 2.09 [B]2.24[/B] 69% 3.47% Bearish
[B]USDCAD - [/B]The ratio of long to short positions in the USDCAD stands at 2.25 as nearly 69% of traders are long. Yesterday, the ratio was at 2.29 as 70% of open positions were long. In detail, long positions are 2.0% lower than yesterday and 3.7% stronger since last week. Short positions are 0.2% lower than yesterday and 3.2% stronger since last week. Open interest is 1.4% weaker than yesterday and 1.4% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.