The Australian Dollar has depreciated massively against the Japanese Yen since the beginning of August. The currency pair made a U-turn from its upper boundary of a descending channel on August 8 and had since declined by 287 base points or 3.46%.
Downside risks dominated the GBP/JPY currency pair since the middle of July, as the Great British Pound depreciated 6.13% against the Japanese Yen.
The New Zealand Dollar has depreciated 2.92% against the Swiss Franc since August 8. At the time, the pair pullback from the monthly pivot point at 0.6741 and began a new movement down in a descending channel. During the short period of decline, the rate breached some significant support level. Namely, a support cluster formed by the combination of the
The New Zealand Dollar has been weakening its position against the Japanese Yen since the end of July. This depreciation started when the pair reversed from the upper boundary of a descending channel. As a result, the Kiwi has been trading in a junior descending channel since the beginning of August.
Silver had been moving sideways against the US Dollar since mid-July with a diminishing trading range.
Following a three-week period of consolidation, the US Dollar finally managed to pick up momentum against the Singapore Dollar on Thursday and consequently advance 1.10% within two trading sessions.
The Pound Sterling has been depreciating against the Canadian Dollar in a steep descending channel. This movement has been guided by a four-month junior descending channel.
The British Pound has been driven by a strong downside momentum against the Australian Dollar since the beginning of August, and thus sending the currency pair to plunged by 537 base points. This bearish sentiment began on August 3, after the pair tested the 200-hour simple moving average and the weekly R2 near the 1.7783 mark and reversed south.
The CHF/SGD currency pair has been consolidating in the 1.3668/1.3785 range for a month now.
The US Dollar has been trading in an ascending triangle against the Swiss Franc since mid-April.
The British Pound has depreciated substantially against the New Zealand Dollar during the past month. This bearish sentiment has pressured the exchange rate down to a seven-week low level.
Upside risks dominated the common European currency against the New Zealand Dollar since mid-June. During the past one month, the currency pair has increased its trading range by 5.46%.
Upside risks dominated the USD/ILS exchange rate late in July, as the Greenback appreciated 2.20% against its Israeli counterpart.
After testing the senior channel at 13.10 two weeks ago, USD/ZAR initiated a new wave north along the bottom boundary of this pattern.
The Canadian Dollar has been moving in an ascending channel against the Swiss Franc since late June. The currency pair bounced off it bottom border on June 24 and rose to a one-month high level at 0.7679.
The Swiss Franc has appreciated significantly against the Japanese Yen since the beginning of May. The currency pair reversed from it lower boundary of an ascending channel pattern on May 8 and has since gained 4.27% of its value and also reached a four-month high level.
The price movement of the EUR/AUD exchange rate has been constrained by a descending channel. The currency pair reversed from the upper boundary on July 20 and has since reached the bottom border of a long-term ascending channel pattern.
The common European currency has decreased in trading arrange against the Australian Dollar after it reached a two-month high level at the 1.5887 mark on July 11. The exchange rate lost 309 base points or 1.95% of its value during this short period.
The last four weeks have been profitable for USD/TRY bulls, as the US Dollar has appreciated by 20% against the Turkish Lira.
The Canadian Dollar has been strengthening its position against the Japanese Yen since mid-June.
AUD/CHF has been trading in a medium-scale triangle pattern since the beginning of July. The currency pair bounced off its bottom border on July 2 and reached the upper boundary on July 19.
The Australian Dollar began appreciating against the New Zealand Dollar since the beginning of April. The exchange rate bounced off the lower border of a dominant descending channel on April 11 and has since hit a seven-month high level near the 1.1004 mark.
The NZD/CHF exchange rate has been consolidating in the 0.67/0.68 range since the beginning of July.
The New Zealand Dollar has been depreciating gradually against the Japanese Yen for the last three weeks.