We are analyzing the different Fx pairs this morning and the trading activity of HFT algorithms, noting that the USDCAD pair may be an interesting place to look for buying opportunities later today.

For instance, USDCAD is moving closer toward the light HFT buying pressure zone this morning, which is noted at 1.3109 and below. If the price reaches this area, more buyers are likely to be attracted, which could provide a bounce at these levels.

We can also see that the prior trend on the hourly timeframe is clearly bullish, and that is another factor in favor of looking for buy entries on USDCAD today. In such a case, the bulls will be watching the light HFT selling pressure zone - noted at 1.3157 and above - as a potential target to aim for.



USD/CAD Current Trading Positions

Sell 50%
Buy 50%
Avg Sell Price 1.3029
Avg Buy Price 1.3050
Liquidity Distribution


FX Trading Revolution - Your Revolutionary Forex Source

High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

ADVISORY WARNING: Any news, opinions, research, data, or other information is provided as general market commentary and does not constitute investment or trading advice. FXTradingRevolution.com expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information.

Analysis feed

Latest Forex Analysis

Editors’ Picks

AUD/USD drops following higher than expected Aussie Unemployment Rate

AUD/USD fails to cheer an increase in Employment Change. The pair declines to 0.6678 after flashing the intra-day low of 0.6668 as Australia’s employment data disappoints Aussie traders on early Thursday.


USD/JPY bulls catch a breath near multi-month top, stays above 111.00

USD/JPY seesaws around 111.30 at the start of Asian session. The risk barometer surged to the highest in nine months the previous day as Chinese authorities manage to placate traders. The pair consolidates gains following FOMC minutes.


Gold: Pulls back amid overbought RSI, multiple upside barriers ahead

Gold prices decline to $1,606 during the early Thursday. The yellow metal surged to the highest since March 2013 the previous day but failed to hold onto gains due to the overbought RSI conditions.

Gold News

WTI upside remains capped by $53.00 ahead of API

WTI oil stays upbeat, following the run-up to the monthly high before a few minutes, as taking rounds to $53.70 amid the initial Asian session on Thursday. The black gold recently benefited from the weekly inventory data from the API.

Oil News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex Majors