USD/CHF continues the prevailing downtrend inside a uniform Down Channel chart pattern. As seen on the chart the overall Quality of this pattern is measured at 4-bars. Being the combined results of the Uniformity level rated at 6-bars, as well as the Initial Trend and Clarity rated at 3-bars respectively. The Initial Trend value corresponds to the predominantly range-bound price action which preceded this chart pattern, and developed as the price approached strong support at 0.9350. The price has recently reversed down from the combined resistance area made out of the 50% Fibonacci Retracement of the preceding down ... (full story)