Mon, 18 Feb 2013 09:12:43 GMT
Weekly trade pattern idea
USD/CHF has formed a Channel Down pattern on the 1D chart. The pattern has 69% quality and 51% magnitude on in the 70-bar period.The pattern started on the 13th of November, 2012, when the pair peaked above 200-day SMA to 0.9513; currently it is trading at 0.9240. Trading volume seems to be decreasing lately. Current market sentiment is strongly bullish