Daily HFT Trade Setup – USDCHF Finds Buyers Before HFT Buying Area
We are analyzing the activity of high frequency trading algorithms this morning and note that the USDCHF pair is showing bullish signs.
USDCHF has been in a steady decline for the past 24-hours (see chart) but has found buyers this morning even before reaching the designated light HFT buy zone.
The light HFT buying pressure zone is located at 0.8947 and below. If USDCHF reaches this zone potentially, it should be met with even stronger buying forces.
The bulls will be looking up in today's session and possibly target levels toward the light HFT selling pressure zone, which is standing today at 0.9022 and above.
Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)