USD/CHF advancing towards HFT sell zone

FX Trading Revolution Team FX Trading Revolution

High-frequency algorithms are revealing that the USDCHF pair may provide interesting shorting opportunities in today's trading session.

USDCHF is on a rising trend today and is presently approaching the light HFT selling pressure zone, noted at 0.9474 and above. The pair was previously in a steep decline for the past week, so bearish forces may soon return as the price enters the HFT selling pressure zone.

Our advanced FxTR MaStoRSICCI indicator reads the market based on divergence between price and momentum. For the moment, it's neutral on the hourly timeframe, but a bearish signal from the MaStoRSICCI indicator may help to confirm a reversal here in the light HFT selling pressure zone.

The light HFT buying pressure zone today is noted at 0.939 and below.

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