|

EUR/USD Is Between HFT Selling and Buying Zones!

The analysis of HFT algorithms in Fx this morning shows that the EURUSD currency pair is currently finding itself midway between the light HFT selling and the light HFT buying pressure zones.

These HFT zones today are noted at:

  • 1.1104 and above - light HFT selling pressure zone

  • 1.1076 and below - light HFT buying pressure zone

Intraday Forex traders will be looking for reverse-trading opportunities in these zones today if the price reaches any of them. It's also worth noting that the recent trend on the larger timeframes is down, so from this perspective, it's more probable that selling opportunities would work better compared to buying opportuinies on EURUSD here.

EURUSD

EUR/USD Current Trading Positions

Sell 56%
Buy 44%
100.0%56.0%055606570758085909510000.10.20.30.40.50.60.70.80.910
Avg Sell Price 1.1125
Avg Buy Price 1.1126
Liquidity Distribution
1.08791.11141.130000.10.20.30.40.50.60.70.80.911.100.10.20.30.40.50.60.70.80.911.08791.11141.1300SellBuy

FX Trading Revolution - Your Revolutionary Forex Source


FX Trading Revolution - Your Revolutionary Forex Source

Author

FX Trading Revolution Team

FX Trading Revolution Team

FX Trading Revolution

The FX Trading Revolution website is a free independent FOREX source, and was founded to provide true and unbiased information about FOREX trading.

More from FX Trading Revolution Team
Share:

Editor's Picks

EUR/USD treads water above 1.1850 amid thin trading

EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday.  The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day. 

GBP/USD flat lines as traders await key UK and US macro data

GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.365 in Monday's European trading. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold sticks to intraday losses; lacks follow-through

Gold remains depressed through the early European session on Monday, though it has managed to rebound from the daily trough and currently trades around the $5,000 psychological mark. Moreover, a combination of supporting factors warrants some caution for aggressive bearish traders, and before positioning for deeper losses.

Bitcoin, Ethereum and Ripple consolidate within key ranges as selling pressure eases

Bitcoin and Ethereum prices have been trading sideways within key ranges following the massive correction. Meanwhile, XRP recovers slightly, breaking above the key resistance zone. The top three cryptocurrencies hint at a potential short-term recovery, with momentum indicators showing fading bearish signs.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.