The AUD/CAD currency pair has been moving in several downtrend channels since the beginning of the year. The most important of which is a junior descending channel pattern formed on June 25 and has guided the rate lower toward the bottom border of an ascending trendline.
The Australian Dollar is appreciating against the Japanese Yen in a short-term ascending channel. This movement began on July 3 when the pair bounced off its lower boundary.
The situation on the charts of the GBP/JPY pair has been fully reviewed. There are a few notable facts to describe.
Since the last review of the USD/DKK currency exchange rate, the currency pair has managed to break all the medium and junior resistance levels, which were drawn previously. Although,
The common European currency has declined significantly against the Russian Ruble after reaching its high mark at 80.00 in April. The currency pair reversed from the upper boundary of a dominant ascending channel on April 12 and has since reached the bottom border of its channel.
The single European currency has depreciated massively against the Polish Zloty since the beginning of July. The currency pair started the decline after it reached a one –year high level at the 4.42 mark. The exchange rate has since lost 3.59% of its value since July 4.
The price for crude oil has passed the previously described support line, which kept the commodity up during the most part of July. Due to the event a couple of updates can be mentioned.
The previous review of the EUR/CZK currency pair was concentrating on the fact that the pair was about to break the upper trend line of a junior descending pattern. It occurred on August 1
The common European currency has been trading in a medium-term triangle pattern against the Swiss Franc. The currency pair has been bouncing between the upper and bottom borders of the triangle pattern since May.
The Eurozone single currency began appreciating against the New Zealand Dollar mid-June when it bounced off from the lower boundary at 1.6600. The currency pair reached a high level on July 3.
The USD/DKK exchange rate has been ranging for the last two months, with its trading range diminishing considerably during the last two weeks.
The Euro has depreciated 2.70% against the Hungarian Forint since the beginning of July.
The single European currency has declined massively against the Canadian Dollar since the pair reversed from the upper boundary of a dominant descending channel at 1.60 in mid-March.
The price movement of the EUR/AUD pair has been constrained by an ascending channel. The exchange rate bounced off it lower boundary on June 6 and since reached a two-month high level during the past few days.
EUR/CZK is moving in line with a ten-month ascending channel.
The light crude oil has set an upward-sloping course against the US Dollar since the beginning of 2018.
The common European currency has been gaining strength against the British Pound in a steep ascending channel since April. The channel pattern was formed on April 17 when the currency pair bounced off the lower boundary of the ascending pattern.
The Pound Sterling has been trading in a medium-term triangle formation pattern against the New Zealand Dollar since the end of April. The currency pair tested its upper boundary on April 27 and reached the bottom border last June.
Following a month of appreciation, the Sterling reversed from 149.25— its three-month high against the Japanese Yen—and began falling.
GBP/CHF has been trading in a descending channel since May.
The British Pound has been losing strength against the Canadian Dollar in a steep descending channel. This movement has been guided by a four-month downtrend channel.
The GBP/AUD currency pair has been trading in a triangle-Like formation since early July. The Pound Sterling tested the upper boundary on July 12 and reached the bottom border two weeks ago.
The AUD/CAD exchange rate has been trading in a descending channel for the last two months.
The South African Rand began appreciating against the Japanese Yen mid-July when it reversed from the senior channel circa 7.88.