28 December, 2008
Canadian Dollar Forecast Unclear Against US Dollar
USD/CAD Ratio: 1.10
Trading Forecast: Bearish
USDCAD – The ratio of long to short positions in the USDCAD stands at 1.10 as nearly 52% of traders are long. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 7.9% lower than yesterday and 60.2% weaker since last week. Short positions are 14.4% higher than yesterday and 32.7% weaker since last week.
Open interest is 1.6% stronger than yesterday and 62.3% below its monthly average. The SSI is a contrarian indicator and gives a marginally USDCAD-bearish bias, but the sharp drop in open interest gives us little confidence in these forecasts.
[Why ForexGen]
1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.
Comments
Profile
- name: John Adam
Menu
search
recently...
- U.K. Housholds Put Record Amount Into Homes
- Canadian Dollar Forecast Unclear Against US Dollar
- Learn Forex Scalping Strategies & Techniques
- Dow Falls For 5th Straight Session on Grim Data
- Swiss Franc And Canadian Dollar Technical Outlook
- ECB Situation Different to Fed on Rates: Bini Smaghi
- A look at Economic Developments Around The World
- Foreign Exchange as a Part of The World Financial Market
- Dollar Falls Against The Yen in Night Trading
- More Challenges Await U.S. Homebuilders
Poll
Categories
- General [5]
- financial [4]
- forex [8]
- forex market [9]
- forexgen [28]
- accounts [4]
- analysis [2]
- business [1]
- currencies [3]
- currency [4]
- currency trading [2]
- economy [1]
- investor [1]
- market [7]
- money [1]
- platform [1]
- profit [1]
- risk [0]
- signals [3]
- strategies [0]
- strategy [2]
- trading [5]
- millions [1]
- profits [2]
- Refer a Friend [1]
- earn money [2]
- gain [1]
- ForexGen NDD [1]
- No Dealing Desk [1]
- benefits [2]
- offers [3]
- ForexGen's offer [2]
- bonus [1]
- deposited [1]
- fund [1]
- money [2]
- gaining [1]
- trading Forex [1]
- experience [1]
- ForexGen Pro traders [1]
- huge profits [1]
- special traders [1]
- ForexGen premium Accounts [1]
- ForexGen donates [1]
- dealing desk enabled [1]
- scalping options [1]
- gains [1]
- ZERO spread [1]
- commissions [1]
- trading activity [1]
- ForexGen traders [1]
- forecasted [2]
- euro [1]
- British pound [1]
- economy [1]
- forex markets [1]
- ForexGen Trading platforms [1]
- trading station [1]
- US Dollar [1]
- GDP [1]
- Federal Reserve [1]
- forex market [0]
- ForexGen Trading Signals [1]
- indicator [1]
- withdraws [1]
- cigarettes [1]
- FTC [1]
- Campaign [1]
- commission [1]
- smokers risk [1]
- ForexGen Trading Optimizer [1]
- China deepening [1]
- global crisis [1]
- China's economy [1]
- analysts [1]
- Live Accounts Contest [1]
- oil [1]
- gasoline inventories [1]
- Oil prices [1]
- U.S. economic [1]
- economic news [1]
- Analysts [1]
- indicator [1]
- ForexGen Trading [1]
- Swiss Franc [1]
- Money Manager [1]
- British Pound [1]
- 1 pip spread [1]
- Yen Technical [1]
- Lowest spreads [1]
- fundamental [1]
- European Central Bank [1]
- Trading Support [1]
- EURAUD [1]
- Live Accounts Contest [1]
- Demo Accounts Contest [1]
- Riksbank [1]
- China plans [0]
- ForexGen Services [1]
- GBP USD [1]
- U.S. retail sales [1]
- ForexGen Partnership, [1]
- economy [1]
- Homebuilders [1]
- Dollar falls [1]
- ForexGen White Labels [1]
- online trading [1]
- economic developments [1]
- White Labels [1]
- ECB [1]
- economy [1]
- Swiss Franc Technical [1]
- Canadian Dollar Technical [2]
- forexgen Partnership [1]
- Dow Falls [1]
- forex scalping strategies [1]
- techniques [1]
- Japanese Yen [0]
- ForexGen Academy [0]
- ForexGen White Labels [0]
- ForexGen White Labels [1]
- U.K. households [1]
Syndicate
A service provided by Al Bawaba