FOREX ANALYSIS: Canadian Dollar Trading Outlook Bullish

ssi_usd-cad_body_Picture_12.png, FOREX ANALYSIS: Canadian Dollar Trading Outlook Bullish

USDCAD Retail forex trading crowds have remained steadily net-long the US Dollar (ticker: USDOLLAR) versus the Canadian Dollar since it crossed below the C$0.9900 in October, and consistent sentiment leaves us in favor of USDCAD declines.

We have seen a modest pullback in USD longs—down 18 percent since last week. Yet we will need to see a more substantive shift before we turn in favor of US Dollar strength.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at https://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Did you know that you can get stories like this on the Yahoo mail app?
Download it here.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3305-0.0059-0.45%
    USDSGD=X
    1.4847+0.0009+0.06%
    EURSGD=X
    2.0826-0.0102-0.49%
    GBPSGD=X
    90.8182+0.2166+0.24%
    SGDJPY=X
    5.8268+0.0249+0.43%
    SGDHKD=X
    2.6949+0.003+0.11%
    SGDMYR=X
    9,881.5781+68.6367+0.70%
    SGDIDR=X
    4.6564+0.0187+0.40%
    SGDCNY=X
    1.0511-0.0037-0.35%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,212.00+7.90+0.66%
    GCM15.CMX
    17.28+0.15+0.86%
    SIN15.CMX
    71.85-0.22-0.30%
    ^XAU
    2.850.00-0.12%
    HGN15.CMX
    60.60-0.12-0.20%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.51-0.04
    ^FVX
    2.18-0.07
    ^TNX
    2.98-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.295+0.070+31.11%
    AFC.SI
    0.290.000.00%
    5WA.SI
    0.180.00+2.27%
    5OU.SI
    0.215+0.005+2.38%
    5GB.SI
    0.835+0.005+0.60%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.525-0.025-4.55%
    AXC.SI
    0.295+0.070+31.11%
    AFC.SI
    1.28+0.28+28.00%
    AYN.SI
    0.25+0.04+19.05%
    AVX.SI
    0.135+0.016+13.45%
    5IF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.18-0.02-10.00%
    PH0.SI
    0.15-0.02-9.09%
    5IA.SI
    0.21-0.02-8.70%
    5G1.SI
    0.20-0.02-6.98%
    B1N.SI
    0.20-0.02-6.98%
    5I0.SI