USD/CHF Is Inside HFT Buy Zone!
|The activity of HFT algorithms today shows that the USDCHF currency pair may offer attractive buying opportunities.
The price has reached the light HFT buying pressure zone, which is noted today at 0.9913 and below. Buying interest is higher here, which is evident by the price reaction on intraday charts.
The FxTR overbought/oversold indicator signals that USDCHF is at stretched oversold levels here on the hourly timeframe. However, the trend is still bearish, so the bulls will waiting for a confirmation of a trend change before entering the market.
The light HFT selling pressure zone is today noted at 0.9955 and above.
FX Trading Revolution - Your Revolutionary Forex Source
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.