Daily HFT Trade Setup – USDCHF Falling Toward HFT Sell Zone
We are analyzing the activity of HFT algorithms in the Fx market today and note the potential that the USDCHF could provide trade setups from the long side.
For instance, USDCHF is falling this morning toward the light HFT buying pressure zone, which is noted at 0.9605 and below. The price has not yet reached the area, but the bulls will be looking out for that and for any bullish signals thereafter.
Additional signals from the advanced FxTR overbought/oversold indicator suggest USDCHFS is also close to reaching oversold levels here on the 1-hour timeframe.
To the upside, the light HFT selling pressure zone is noted at 0.9728 and above.
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