USD/CHF (a 4-hour chart of which is shown) as of Wednesday (8/18/2010) has formed an inverted flag pattern within the context of a parallel downtrend channel extending back to early July. Within the context of this downtrend channel, after price broke down below an intra-channel uptrend support line that represented the most recent countertrend retracement, the pair has now formed a rough inverted flag pattern ... (full story)