Canadian Dollar – Cot Index 30th March 2009

<< COT Report  COT Report >>


The Canadian Dollar continues to remain a long term buy despite last week’s temporary reduction in both long and short positions but still leaving the Commercials with a net long view of this currency.   A look at the monthly usd to cad candle charts would tend to support this bullish view of the Canadian dollar where this month’s candle will be a very long legged doji preceded by a series of tweezer tops.  Again I have to stress that the COT index is a long term sentiment indicator and wont always necessarily support the spot market picture.

Leave a Reply

Your email address will not be published. Required fields are marked *

9 + = eleven

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>