Daily HFT Trade Setup – USDCHF Backs Down from HFT Sell Zone

High frequency trading algorithms' analysis this morning shows that the USDCHF currency pair may offer attractive trade setups from the short side in today's Fx trading session.

For example, the pair earlier reached the light HFT selling pressure zone that is located at 0.9274 and above. The bullish attempt got rejected there and USDCHF backed down, as can be seen on the hourly chart below. This morning reversal also comes at the falling trendline as another factor in favor of the bears here.

To the downside, the light HFT buying pressure zone is located for this session at 0.9229 and below.

Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)