Positioning Extreme Cools For Canadian Dollar

[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.