Analysis of the trading activity of HFT algorithms in the Forex market today indicates that the EURUSD currency pair may offer interesting bearish trading opportunities in the remainder of the day-trading session.

The pair has entered the light HFT selling pressure zone which is noted at 1.1124 and above. The rise in selling interest here is clearly visible as the price action was reacting for several session when EURUSD entered the light HFT selling pressure zone.

Now the pair is rising toward the resistance trendline of the channel as shown in the chart below. Selling interest will certanly increase further once this trendline is reached and especially because it is found inside the medium HFT selling pressure zone that is noted at 1.1171 and above.

Bearish reversal signals or patterns in these HFT zones could provide excellent trading opporutnities from the short side. In this case, Forex traders will target the light HFT buying pressure zone that is noted at 1.1078 and below.

EURUSD

 

 

EURUSD Current Trading Positions

Sell 61%
Buy 39%
100.0%61.0%06065707580859095100
Avg Sell Price 1.1153
Avg Buy Price 1.1147
Liquidity Distribution
1.08001.11451.1413SellBuy

 


 

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

AUD/USD drops back towards 0.7100 amid fresh US dollar buying

AUD/USD is under pressure, heading towards 0.7100  amid broad US dollar strength. Risk sentiment sours on US stimulus woes and virus contagion, lifting the safe-haven dollar. Focus remains on US stimulus news, coronavirus stats. 

AUD/USD News

USD/JPY picks up bid in tandem with US dollar, eyes on 105.00

USD/JPY's recovery from Wednesday's 0.85% decline is picking up pace in Asia, as the US dollar gains its feet amid risk-aversion. The reports that the BOJ will likely cut its growth and price forecasts for the current fiscal year at this week's monetary policy meeting weigh on the yen. 

USD/JPY News

Gold: $1883 is the level to beat for the bears

Gold is under pressure starting out a fresh week, battling $1900 amid resurgent haven demand for the US dollar. The greenback regains ground on Monday, as the second wave of the coronavirus accelerates at full steam in Europe.

Gold News

WTI hits three-week lows below $39

WTI hits three-week low, extending the previous week's 3% decline. The daily chart indicators scope for further losses. The daily chart relative strength index now shows an ascending triangle breakdown, a bearish pattern.

Oil News

Forex Today: Sentiment could take a turn to the worse amid coronavirus explosion

The American dollar remained under selling pressure at the end of the week, amid political jitters in the US. Republicans and Democrats have continued to discuss a coronavirus stimulus aid package.

Read more

Forex Majors

Cryptocurrencies

Signatures