The single European currency has appreciated substantially against the Canadian Dollar during the past one month. This 668 pips surge was constrained in an ascending channel pattern.
After hitting the dominant channel near 1.5250 early in June, the Eurozone single currency gained momentum against the Australian Dollar and began moving in a junior ascending pattern.
As it was expected the EUR/HUF rate did not continue to fluctuate in the narrow ranged short term pattern that was described in the previous review of this pair.
The target set of the USD/DKK currency exchange rate's decline was reached shortly after the publication of the currency pairs review on Friday.
The common European currency has been declining since the start of July against the Polish Zloty. The event from a technical perspective began due to the currency rate meeting the upper trend line of a dominant ascending channel pattern.
After breaking the lower trend line of the previously active dominant pattern, the USD/DKK currency exchange rate has been declining in a medium scale descending channel.
The GBP/CHF currency pair has been guided by three months descending channel pattern. This channel was formed early April and have driven the rate lower toward the bottom border of a dominate ascending pattern.
Upside risks have dominated the British Pound against the New Zealand Dollar, thus sending the exchange rate to gained 677 pips or 3.57% since mid-June.
Previously, the EUR/RUB broke the junior descending pattern's resistance in the aftermath of encountering the support of a dominant channel. Afterwards it was clear only that the rate will continue its surge, but there did not exist a charted new medium term pattern.
The decline had extended through the first week of July. Namely, on Thursday the rate had touched the 323.00 level.
The Australian Dollar has been weakening against the Swiss Franc in a steep descending pattern. This movement has been bounded by a one month channel down.
The Common European currency has appreciated substantially against the New Zealand Dollar during the past month. This bullish momentum has pressured the currency pair higher toward an eight-month high at 1.7377.
After the US Dollar reached new heights against the Israeli Shekel, most patterns could be observed as broken. That fact pushed for a larger review.
The US Dollar has retreated downwards against the South African Rand. Namely, in the second part of Tuesday's trading session the pair plummeted
Bullish momentum dominated the CAD/JPY currency pair last week and thus sent the pair to breach the previously drawn pattern. As a result, the rate gained 201 base points or 2.44%.
The price movement of the CHF/JPY currency pair has been constrained by a junior ascending pattern. The pair bounced off its lower boundary on May 8 and has since rallied.
Two notable developments have taken place on the charts of the EUR/HUF since the last review.
The previous review of the USD/THB currency exchange rate concentrated on the newly formed less steep bullish pattern. On Tuesday,
After hitting the upper boundary of both the senior and the junior patterns at 84.54 On June 6, the AUD/JPY exchange rate changed its sentiment and began a new wave down.
Following a reversal from the upper boundary of a dominant descending pattern on June 22, the Australian Dollar has been moving in a two-week narrow downtrend channel against the Canadian Dollar.
The US Dollar has bounced against a combination of support levels that surround the lower trend line of a dominant ascending channel pattern against the South African Rand.
The common European currency has been surging against the Russian Ruble during the past two trading session. The surge was caused by the meeting of a dominant support level near the 72.60 mark.
The bearish sentiment that began late January has guided the GBP/JPY currency pair lower towards the September 2017 low level at 143.16. This mark –8.47% decrease in price during the last six months.
The New Zealand Dollar has diminished in trading range against the Japanese Yen during the past few weeks, thus forming a new junior descending pattern. The upper boundary of the junior channel was tested on June 13.