Posts Tagged ‘ USD/CAD ’

David Rodriguez, on Thursday January 13, 2011, 10:15 am EST

USDCAD – the ratio of long to short positions in the USDCAD stands at 7.51 as nearly 88% of traders are long. Yesterday, the ratio was at 8.68 as 90% of open positions were long. in detail, long positions are 7.3% lower than yesterday and 27.0% stronger since last week. Short positions are 7.5% higher than yesterday and 4.2% stronger since last week. Open interest is 5.8% weaker than yesterday and 35.7% above its monthly average. the SSI is a contrarian Indicator and signals more USDCAD losses.

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Canadian Dollar Forecast Calls for Strength against USD