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

EUR/USD loses 1.1800 amid escalaing US-Sino tensions

EUR/USD dips sub-18 after the US reported an increase of 1.763 million jobs in July, better than estimated but pointing to a deceleration. Escalating Sino-American tensions are boosting the dollar and fiscal talks are eyed. 

EUR/USD News

GBP/USD resumes decline, weighed by UK concerns, US-China conflict

GBP/USD trades at fresh weekly lows below 1.3050 as the dollar got a sudden boost from mounting tensions between the world's two largest economies. UK Chancellor Rishi Sunak said the furlough scheme that is underpinning the economy cannot last forever.

GBP/USD News

XAU/USD drops $50 from record highs to the $2020 area

Gold prices are falling sharply on Friday, trading below $2040/oz at the moment. Earlier on Friday, the yellow metal reached at $2075, a new record high.

Gold News

Bitcoin may extend the recovery once Gold resumes the rally

Gold retreated from the recent highs, but the sentiments are still bullish. Cryptocurrencies resumed the upside, some altcoins are demonstrating strong gains. ETH/BTC stopped the downside correction and settled at $0.03300.

Read more

WTI extends slide toward $41, on track to post weekly gains

Crude oil prices continued to fall on Friday and the barrel of West Texas Intermediate (WTI) touched a daily low of $41.05 before recovering modestly.

Oil News

Forex Majors

Cryptocurrencies

Signatures