Bearish momentum has been dominating the British Pound against the Japanese Yen since December 15. The currency pair has declined by 4.76% in value during this period.
Downside risks have been dominating the Australian Dollar versus the Japanese Yen since December 30. The currency pair declined by 3.45% in value during this period.
The USD/MXN exchange rate has been trading along the lower boundary of the long-term descending channel since the middle of December.
The USD/ILS currency pair continued to trade downwards within the falling wedge pattern. As apparent on the chart, the pair surpassed the 3.4800 level.
The Brent crude oil has been trading in a long-term ascending channel pattern against the US Dollar. The commodity has surged by 17.68% in value since December 4.
The light crude oil has been trading bullish against the US Dollar since the beginning of December. The commodity has surged by 7.74% in value during the past two weeks.
The EUR/RUB exchange rate has been trading downwards since the beginning of December after the rate failed to surpass the resistance level—the Fibonacci 50.00% retracement at 70.89.
The Us Dollar has been depreciating against the Russian Ruble since the beginning of December. This movement has been bounded within the falling wedge pattern.
Since December 13, the British Pound has declined by 4.53% in value against the Canadian Dollar. The exchange rate is currently trading in a narrow descending channel pattern.
The British Pound has declined by 4.20% in value against the Australian Dollar since December 17. The currency pair tested the lower boundary of an ascending channel pattern at 1.8716 on December 31.
After significant drop to the 29.75 level, the USD/THB exchange rate managed to jump to the 30.15 mark. Currently, the rate is testing the resistance level formed by the monthly R1 at 30.20.
The US Dollar continued to depreciate against the Singapore Dollar within the falling wedge pattern (4H time-frame chart). The USD/SGD currency pair reversed north from the lower pattern line at the end of December.
The Eurozone single currency has been depreciating in a descending channel pattern against the Canadian Dollar since the beginning of December. The currency pair has declined by 2.04% in value since December 3.
The EUR/AUD exchange rate has continued to edged lower during the past few weeks. The currency pair has declined by 1.97% in value since the middle of December.
The Turkish Lira has been depreciating against the Japanese Yen since the middle of November after the TRY/JPY currency pair reversed south from the upper boundary of the medium-term descending channel at 19.40.
The Canadian Dollar has been edging higher in an ascending channel against the Japanese Yen since the beginning of December. The currency pair has surged by 2.81% in value during this period.
The common European currency bounced off from the lower boundary of a long-term descending channel against the British Pound on December 13. The currency pair has surged by 3.18% during this period.
The US Dollar has been depreciating in a narrow descending channel against the Swiss Franc since the beginning of December 2019. The currency pair has declined by 3.61% in value since December 2.
The GBP/CHF currency pair has been trading downwards since the middle of December when it reversed south from the upper boundary of the long-term ascending channel at 1.3300.
The British Pound has been depreciating against the New Zealand Dollar since the middle of December after the GBP/NZD exchange rate failed to surpass the resistance level—the monthly R1 at 2.0350.
The AUD/CHF exchange rate failed to surpass the resistance level formed by the Fibonacci 23.60% retracement at 0.6816. Currently, the rate is trading near the given resistance.
The Swiss Franc has been appreciating against the Singapore Dollar since the beginning of December. This movement has been bounded within the rising wedge pattern.
The HKD/JPY exchange rate continued to trade within the rising wedge pattern (4H time-frame chart). As apparent on the chart, the rate has already re-tested the upper pattern line.
The US Dollar continued to depreciate against the Offshore Chinese Renminbi within the long-term descending channel. As apparent on the chart, the USD/CNH currency pair has been consolidating at the 7.000 mark since the middle of December.