Following a reversal from the upper boundary of a medium-term ascending channel at 0.7689, The Canadian Dollar has declined massively against the Swiss Franc.
The bearish momentum which has been dominating the USD/CHF currency pair since the middle of November has guided the US Dollar toward the lower boundary of a long-term ascending channel pattern at 0.9889.
The EUR/SEK currency pair has been trading in the falling wedge since the middle of August. Also, the pair has reached the lower boundary of the long-term ascending channel.
Bearish sentiment has been dominating the European common currency against the New Dollar since the beginning of October. The currency pair has already reached the lower boundary of the long-term ascending channel at 1.6350.
Upside risks have been dominating the Australian Dollar versus the Japanese Yen since October 26, after the currency pair made a U-turn from the lower boundary of a long-term descending channel pattern at 78.67.
The Australian Dollar has been appreciating in an ascending channel pattern against the Canadian Dollar since October 8 after the currency pair reversed from the bottom border of a dominant descending channel at 0.9100.
The US Dollar has been depreciating against the Turkish Lira since the beginning of September. This movement has been bounded in a falling wedge.
The previous forecast worked, and the USD/MXN currency pair has breached the medium-term ascending channel.
The British Pound has been trading in a symmetric triangle pattern against the Japanese Yen since the end of October.
The BTC/USD pair has been trading in a junior descending channel pattern is the beginning of November.
The USD/THB currency pair has been trading in a descending triangle since the end of October.
The Turkish Lira has been driven by a strong upside momentum against the Japanese Yen since the middle of August, and thus sending the currency pair to the weekly R2 at the 21.97 mark.
The LIGHT.CMD/USD pair has been moving in a descending channel since the commodity price reversed from its upper boundary at 76.88.
The Brent crude oil has been depreciating since the beginning of October after the commodity reversed from a three-year high level at 86.66.
The New Zealand Dollar has increased its trading range massively against the Swiss Franc. This bullish momentum began after the currency pair reversed from the bottom border of a dominant descending channel at 0.6300.
The US Dollar has been moving in an ascending channel pattern against the Swiss Franc since mid-September. The currency pair reversed from its lower boundary at 0.9550 on September 21 and followed by a bullish sentiment.
The Euro has been appreciating gradually against the Polish Zloty since the middle of August. This movement has been bounded in an ascending channel.
Downside risks have dominated the EUR/TRY currency pair since the beginning of September. This movement has been bounded in a descending channel.
The Canadian Dollar has been depreciating massively against the Swiss Franc since the middle of November. The decline has been bounded by a triangle-like formation pattern.
The Australian Dollar has been appreciating in a medium-term ascending channel pattern against the Swiss Franc. This increased in price range began when the currency pair reversed from the lower boundary of a dominant descending channel at 0.6858.
The SGD/JPY currency pair has been trying to surpass the resistance level—the Fibonacci 50.00% retracement at the 82.68 mark.
The ZAR/JPY currency pair breached a long-term descending channel north at the beginning of November. The South African Rand has been depreciating against the Japanese Yen since the end of August. This movement has been bounded in a rising wedge.
The British Pound has been appreciating in a short-term ascending channel pattern against the Canadian Dollar. The short-term pattern was formed on October 31.
The Pound Sterling has been depreciating against the Australian Dollar since the currency pair reversed from a swing high of 1.8777 on October 11.