The previous review of the GBP/AUD currency pair concentrated on the breakout of the pair to the downside from a triangle pattern. In general, the decline has continued. Moreover, the pair is set to extend the downfall.
The common European currency recently bounced off a dominant pattern's resistance level against the Polish Zloty.
The US Dollar is surging against the Polish Zloty in a highly volatile manner. The pattern, which is considered the junior one, has had its both trend lines touched even during a daily timeframe.
The previously described and mysterious support line on the EUR/CHF currency pair chart has done its work. However, another important trend line has been noticed.
Due to notable developments on the USD/RUB currency pair's chart a review of the situation is done by Dukascopy analytics department.
The Pound has recently decline against the Swiss Franc due to not being able to pass the resistance of a medium scale ascending pattern. However, it was already expected that the pattern will be broken.
Due to a noticed increase in demand for Brent oil trading on the Dukascopy Swiss Foreign Exchange Marketplace a review of the commodity price's movements is being done.
The large scale situation on the EUR/NZD pair has not changed. However, there has been one notable development, as the pair has formed a new medium term channel down pattern.
The situation on the EUR/GBP has not changed. There is no real need to change the already drawn medium and large scale patterns. Although, there is a reason why a review is done.
The US Dollar recently broke a resistance level of a previously active channel down pattern against the Swiss Franc.
The Pound has broken the upper trend line of a medium scale channel down pattern against the Japanese Yen. This move was expected,
The dominant pattern which has guided NZD/JPY for the last two years is an ascending channel.
The Sterling has been trading in a long-term channel up against the New Zealand Dollar since September, 2016.
The American Dollar was trading against the Thai Baht in a two-week long symmetrical triangle.
The South African Rand is actively appreciating against the Japanese Yen in a one-month long ascending channel.
The common European currency has been trading in a neat channel up against the Loonie since September 1.
The US Dollar has been appreciating against the Norwegian Krone in a channel up for the last four months.
The Australian Dollar is losing value against the New Zealand Dollar in a medium-term descending channel that formed in result of a breakout from the larger rising wedge formation.
The Australian Dollar is trading against its Canadian counterpart in a little symmetrical triangle that formed in result of volatility caused by central bankers' meeting in both countries.
GBP/AUD was trading in a symmetrical triangle since mid-2016.
The bearish sentiment has prevailed AUD/JPY since mid-September.
The Euro recently met the upper trend line of a medium scale channel down pattern against the Australian Dollar. Due to that reason the pair is expected to decline.
The Euro has one particularity against the Swiss Franc. There are no short or medium scale patterns. Instead only one medium term support trend line has been spotted.
USD/MXN has been trading in a neat channel up for the last five months.