Daily HFT Trade Setup - USD/CHF is near the HFT buy area!
|Analysis of the trading activity of HFT algorithms in the Fx market today shows that bullish trading opportunities could potentially exist on the USDCHF currency pair.
USDCHF is currently trading just above the light HFT buying pressure zone that is noted at 0.9908 and below. Addiotnaly, the 0.9900 level which is inside of the light HFT buying pressure zone is important support as it is a round number price level and there are past highs in this area also.
For the moment, indicators have not turned bullish yet, but once that happens it will provide confirmation for a bounce.
The light HFT selling pressure zone that is noted at 0.9961 and above can offer interesting levels to place profit targets.
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