CHF is showing conflicting signals across timeframes [Video]
|Daily chart outlook
- Support sits at 7908–7897 depending on system.
- Heavy overhead resistance between 7868–8002.
- A close above 8002 would relieve downside pressure and keep the continuation pattern intact.
- Upside potential: 8025–8100.
- Daily indicators are turning positive, suggesting short‑term buying opportunities with tight stops
Weekly chart outlook
- A sharp drop from 9200 has left the market consolidating — a pause before the next leg.
- Weekly indicators remain bearish, and if support yields, buyers could be taken out.
- I always say: reverse longs on the second break of a major level — the first break often belongs to algos and indecision.
- Longer‑term charts point to risk of testing ATLows near 7100 in 2026
The takeaway: short‑term buy up to resistance, but be ready to switch sides quickly.
$Swissy never really recovered to its pre‑2015 highs — a shame, because it remains a fascinating market to trade.
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