USD/SEK had been guided by a channel down valid since November, 2016.
The Australian Dollar is about to touch a dominant resistance line against the Japanese Yen. Most likely the move will result in a bounce off to the downside. If that scenario occurs, the latter risk management during the decline should be focused around three areas.
The GBP/CAD pair was last reviewed at the start of December, when it rebounded against the lower trend line of a long term support line.
The US Dollar recently plummeted against the South African Rand.
Some development have taken place on the EUR/AUD currency exchange rate. Due to that reason an update to the situation is being done.
All signs on the USD/HKD chart indicate that the pair is set to clearly continue the long term surge of 2017.
USD/SGD is one of the slow moving pairs, whose review needs to be done by looking at the longer term.
Recent development have caused trouble on the CHF/JPY charts. In general a breakout from a triangle pattern was expected to the upside, as the dominant pattern has the form of an ascending channel.
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.