The Euro has been appreciating gradually against the Polish Zloty since the middle of August. This movement has been bounded in an ascending channel.
Downside risks have dominated the EUR/TRY currency pair since the beginning of September. This movement has been bounded in a descending channel.
The Canadian Dollar has been depreciating massively against the Swiss Franc since the middle of November. The decline has been bounded by a triangle-like formation pattern.
The Australian Dollar has been appreciating in a medium-term ascending channel pattern against the Swiss Franc. This increased in price range began when the currency pair reversed from the lower boundary of a dominant descending channel at 0.6858.
The SGD/JPY currency pair has been trying to surpass the resistance level—the Fibonacci 50.00% retracement at the 82.68 mark.
The ZAR/JPY currency pair breached a long-term descending channel north at the beginning of November. The South African Rand has been depreciating against the Japanese Yen since the end of August. This movement has been bounded in a rising wedge.
The British Pound has been appreciating in a short-term ascending channel pattern against the Canadian Dollar. The short-term pattern was formed on October 31.
The Pound Sterling has been depreciating against the Australian Dollar since the currency pair reversed from a swing high of 1.8777 on October 11.
The common European currency has been appreciating against the Canadian Dollar in a short-term ascending channel pattern. The bullish momentum began on October 25 after the currency pair tested a swing low of 1.4750.
The Eurozone single currency has been depreciating against the Australian Dollar since the exchange rate made a U-turn from a resistance level formed by the upper boundary of a descending channel at 1.6359.
The US Dollar has been depreciating against the Polish Zloty since the currency pair reversed from the upper boundary of a long-term ascending channel at 3.8400. This movement has been bounded in a short-term descending channel.
The previous forecast worked, and the USD/NOK currency pair has reached the resistance cluster formed by the monthly R1 and the weekly R2 in the 8.5565/8.5889 range.
The common European currency is trading in several channels patterns against the Swiss Franc. The most important of the pattern is the two-month ascending channel formed on September 12.
The Australian Dollar has been trading in several descending channels against the New Zealand Dollar. The most important of the channel pattern is a three-month descending channel which was formed on August 9 and has guided the currency pair to a seven-month low at 1.0604.
The Pound Sterling has decreased its trading range against the Swiss Franc since the beginning of November after the currency pair reversed from the upper boundary of a dominant descending channel pattern at 1.3150 on November 8.
The British Pound has been depreciating against the New Zealand Dollar since the beginning of October after the exchange rate pulled back from the upper boundary of a dominant ascending channel at 2.0600.
The previous forecast worked, and the EUR/RUB currency pair has reached the lower boundary of a long-term ascending channel located circa 74.70.
The Euro has been appreciating against the Czech Koruna since the currency pair reversed from the lower boundary of a long term ascending channel near the 25.40 mark.
The New Zealand Dollar has been appreciating against the Japanese Yen since October after the currency pair made a U-turn from a support level formed by the monthly S1 at 72.11.
The British Pound has been depreciating against the Japanese Yen since the beginning of November after the currency pair reversed from the upper boundary of a dominant descending channel pattern at 149.50 on November 8.
The Australian Dollar has been appreciating against the Singapore Dollar since the pair reversed from the lower boundary of a falling wedge located circa 0.9700. As apparent on the chart, the pair breached the falling wedge at the beginning of November.
The New Zealand Dollar has been appreciating against the Canadian Dollar since the pair reversed from the lower boundary of a long-term ascending channel located near 0.8400.
Bullish sentiment has been dominating the New Zealand Dollar versus the Swiss Franc since the middle of September. This bullish momentum began after the currency pair reversed from the bottom border of a long-term descending channel at 0.6300 on September 19.
Bearish sentiment has been dominating the common European currency against the New Zealand Dollar since the beginning of October. This downside movement began on October 8 and had since guided the exchange rate toward a six-month low level at 1.6600.