Sign In with Google
Sign In with Facebook
The analysis of the HFT algorithms' activity in the Fx market this morning shows that the USDCHF pair could provide bearish trading opportunities in the current session.
The light HFT selling pressure zone is noted today at 0.9909 and above. USDCHF has reached it earlier today and is now still trading inside. However, some signs of stronger bearish pressures are already appearing. The hourly chart (see below) shows several rejected attempts with the candles off the highs (one being a doji.
It seems the 0.99 level would be the key to the downside. A break below it should clear the road for more USDCHF losses toward the light HFT buying pressure zone that is located today at 0.9844 and below.
