Daily HFT Trade Setup - USDCHF at HFT buying zone!

FX Trading Revolution Team FX Trading Revolution

Analysis of trading activity in the Fx market this morning indicates that the USDCHF currency pair has reached the light HFT buying pressure zone that is noted at 0.9697 and below.

The price has already bounced off this area several times and is now above the 0.9700 handle - which suggests a low of the day might be behind us. In addition, the Master MACD, as well as the improved FxTR CCI indicator, have now both turned bullish. The 0.9700 round number level and the 0.9680 support due to the prior lows are also close to, and inside of the light HFT buying pressure zone.

Traders can look to play the range between the light HFT buying pressure zone and the light HFT selling pressure zone today. To the upside, targets can be aimed toward the light HFT selling pressure zone which is noted at 0.9743 and above as well as the 0.9750 resistance level.

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FX Trading Revolution Team

FX Trading Revolution

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