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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD falls below 1.1850 as US consumer sentiment beats

EUR/USD is trading under1.1850, off the previous levels as US consumer sentiment beat estimates with 78.9 points. The Fed refrained from adding more stimulus, supporting the dollar earlier in the week. Investors are eyeing fiscal stimulus talks.


GBP/USD falls as the EU reportedly objects Johnson's bill

GBP/USD is trading around 1.2950, off the highs. According to reports, the EU remains opposed to UK PM Johnson's controversial bill, which violates the Brexit accord. 


XAU/USD struggles to move back above 100-hour SMA

Gold regained some positive traction on the last trading day of the week and recovered a part of the previous day's losses to over one-week lows. The commodity held on to its intraday gains and traded above the $1950 level through the mid-European session.

Gold News

Ethereum hits Bitcoin's bid to lead the market

Bitcoin risks dominance after the strong rise of Ethereum. Technical indicators show some significant discrepancies keeping the stress on the board. Sentiment levels are improving and bordering on optimism.

Read more

WTI: Clings to 50-DMA above $41, focus on Friday’s close

WTI (futures on Nymex) consolidates the three-winning streak above $41 mark on Friday, as the bulls await a fresh catalyst for the next push higher.

Oil News

Forex Majors