USD/CHF Is Inside HFT Buy Zone!

FX Trading Revolution Team FX Trading Revolution

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.

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