The Australian Dollar has continued to trade in an ascending channel pattern against the Swiss Franc. This pattern was formed on September 17 and has guided the currency pair towards August 10 swing high of 0.7398 region.
The Australian Dollar has increased its trading range significantly against the Canadian Dollar. The bullish sentiment began after the pair reversed from a low level of 0.9100 on October 10.
The Australian Dollar has been gaining strength against the Japanese Yen after the currency pair bounced off the bottom border of an ascending channel pattern at 78.50 on October 26.
The British Pound has been appreciating against the Japanese Yen after the currency pair reversed from the lower boundary of an ascending channel at 143.00 on October 31.
A long-term descending channel pattern has been dominating the common European currency versus the Canadian Dollar for the past few months. This decline began after the currency pair made a U-turn from the upper boundary of a dominant descending channel at 1.6148 on March 21.
Downside momentum has been dominating the EUR/AUD currency pair since the rate touched the upper boundary of a descending channel pattern at 1.6350 on October 11.
The Pound Sterling has been appreciating against the Canadian Dollar since the end of October after the pair bounced off its bottom border of an ascending channel at 1.6650. However, this appreciating was halt by a resistance level formed by the upper boundary of a dominant descending channel at 1.7250.
The British Pound has lost about 4.61% of its values against the Australian Dollar since the beginning of October. This decline began after the currency pair reversed from a high mark of 1.8734 on October 10.
The US Dollar has been depreciating against the Turkish Lira since the end of August. This movement has been bounded in a falling wedge.
Silver has been appreciating gradually against the US Dollar since the pair reversed from the lower boundary of a long-term descending channel located circa 14.10.
Downside risks have dominated the CHF/SGD currency pair since the end of September, and the pair breached a medium-term ascending channel north at the middle of October.
The Euro has been depreciating against the Swedish Krona since the end of August. This movement has been bounded in a falling wedge.
The Canadian Dollar is trading in an ascending triangle pattern against the Swiss Franc. The currency pair bounced off its lower boundary at 0.7320 on September 8 and reached the upper border a few days ago.
The British Pound has increased its trading range significantly against the Swiss Franc. This movement has been bounced by a two-month ascending channel pattern.
The Euro has been depreciating against the Singapore Dollar since the end of September when the pair reversed from the upper boundary of a long-term channel at 1.6080.
The Euro has been appreciating against the Norwegian Krone since the the middle of October. This movement has been bounded in an ascending channel.
The common European currency has been trading in an ascending channel against the Swiss Franc since early September. The exchange rate pullback from the lower boundary of the pattern at 1.1200 on September 7 and had since increased its trading range.
The US Dollar versus the Swiss Franc has been moving in an ascending channel since mid-September. The currency pair bounced off its lower boundary at 0.9550 on September 21 and followed by an upside wave.
The Russian Ruble has been depreciating against the US Dollar since the beginning of October. This movement has been bounded in an ascending channel.
The previous forecast worked, and the USD/DKK currency pair has reached the upper boundary of a long-term ascending channel located circa 6.6100.
The common European currency has depreciated massively against the British Pound. This decline began on October 31, after the currency pair hit the upper boundary of a downtrend line at 0.8937.
The British Pound has been appreciating against the Japanese Yen after the exchange rate bounced off the lower boundary of an ascending trendline at 142.77 on October 26.
The NZD/CHF currency pair has been moving in an ascending channel after the it reversed from the bottom border of a dominant descending channel pattern on September 19.
Bullish momentum has been dominating the New Zealand Dollar against the Japanese since the end of October. This sentiment began on October 26 and had since driven the currency pair towards September swing high of 75.50.