Our data shows traders are now net-short USD/CAD for the first time since Dec 13, 2023 when USD/CAD traded near 1.35.
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<article><img fetchpriority="high" decoding="async" src="https://a.c-dn.net/b/2QxJ2A/chart.png" alt="USD/CAD Client Positioning" data-image-original-width="900" data-image-original-height="600" width="900" height="600" class="dfx-lazyload" style="padding-bottom: calc(600 / 900 * 100%);" /></p>
<h2>Number of traders net-short has increased by 30.91% from last week.</h2>
<table>
<thead>
<tr>
<th>SYMBOL</th>
<th>TRADING BIAS</th>
<th>NET-LONG%</th>
<th>NET-SHORT%</th>
<th>CHANGE IN LONGS</th>
<th>CHANGE IN SHORTS</th>
<th>CHANGE IN OI</th>
</tr>
</thead>
<tbody>
<tr>
<td data-heading="SYMBOL"><span>USD/CAD</span></td>
<td data-heading="TRADING BIAS"><span>BULLISH</span></td>
<td data-heading="NET-LONG%"><span>48.57%</span></td>
<td data-heading="NET-SHORT%"><span>51.43%</span></td>
<td data-heading="CHANGE IN LONGS">
<p><span>-12.50% </span><span>Daily</span></p>
<p><span>-22.83% </span><span>Weekly</span></p>
</td>
<td data-heading="CHANGE IN SHORTS">
<p><span>32.59% </span><span>Daily</span></p>
<p><span>30.91% </span><span>Weekly</span></p>
</td>
<td data-heading="CHANGE IN OI">
<p><span>6.04% </span><span>Daily</span></p>
<p><span>-2.18% </span><span>Weekly</span></p>
</td>
</tr>
</tbody>
</table>
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<span><br />
<span data-stream-type="sentiment" data-market- data-value="–" data-type="long-value-info"><br />
</span><br />
<span>of clients are </span><span>net long.</span> </span><br />
<span><br />
<span data-stream-type="sentiment" data-market- data-value="–" data-type="short-value-info"><br />
</span><br />
<span>of clients are </span><span>net short.</span> </span>
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<table>
<thead>
<tr>
<td>
Change in </td>
<td>
Longs </td>
<td>
Shorts </td>
<td>
OI </td>
</tr>
</thead>
<tbody>
<tr>
<td>Daily</td>
<td>-13%</td>
<td>33%</td>
<td>6%</td>
</tr>
<tr>
<td>Weekly</td>
<td>-23%</td>
<td>31%</td>
<td>-2%</td>
</tr>
</tbody>
</table>
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<p>USD/CAD: <span>Retail trader data shows 48.57% of traders are net-long with the ratio of traders short to long at 1.06 to 1. </span>In fact, traders have remained net-short since Dec 13 when USD/CAD traded near 1.35, price has moved 0.14% lower since then. The number of traders net-long is 12.50% lower than yesterday and 22.83% lower from last week, while the number of traders net-short is 32.59% higher than yesterday and 30.91% higher from last week. </p>
<p><span>We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CAD </span><span>prices</span><span> may continue to rise. </span></p>
<p>Our data shows traders are now net-short USD/CAD for the first time since Dec 13, 2023 when USD/CAD traded near 1.35. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias. </p>
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<br /><a href="https://www.dailyfx.com/analysis/USDCAD-IG-Client-Sentiment-202401161223.html">Source link </a></p><p>The post <a href="https://forextraderhub.com/our-data-shows-traders-are-now-net-short-usd-cad-for-the-first-time-since-dec-13-2023-when-usd-cad-traded-near-1-35.html">Our data shows traders are now net-short USD/CAD for the first time since Dec 13, 2023 when USD/CAD traded near 1.35.</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>
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