USD/CHF Buyers Coming In At HFT Buy Zone!
|The activity of HFT algorithms on the USDCHF currency pair this morning indicates that bullish trading opportunities could be attractive here in the last day-trading session of this week.
USDCHF now reached the light HFT buying pressure zone, noted at 0.9873 and below, where the price strongly reacted as soon as it touched the HFT buy area.
We also see that USDCHF has reached oversold conditions on the hourly timeframe, as shown by the advanced FxTR overbought/oversold indicator, which is another supportive factor at this point.
However, FxTR CCI indicator shows us that the trend here is bearish, and there is no confirmed bullish signal yet. So, until that happens, it is better to wait before entering a contrarian trade without a convincing bullish signal.
Lastly, in the bullish scenario, USDCHF bulls will target the light HFT selling pressure zone today, noted at 0.9939 and above.
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