The bearish momentum that started early June has guided the AUD/CHF currency pair lower towards June 2017 low level at 0.7171. This mark 5.25% decreased in price during the past two months.
Following a reversal from the upper boundary of a junior descending channel on June 22, the Aussie has been trading in a two-month descending channel against the Canadian Dollar.
The USD/SEK exchange rate has been tended north since the beginning of August when it reversed from the senior channel near 8.75.
The most recent development of the EUR/NOK exchange rate is a breakout from the senior channel which occurred near 9.59 on August 16.
AUD/NZD started appreciating since the beginning of April. The currency pair reversed from the lower boundary of a dominant descending channel on April 11 and a high mark of 1.1004 during the previous week trading sessions.
The NZD/CAD currency pair has been trading in several descending channels since the beginning of the year. The most important of the patterns is a downtrend line, which has guided the price lower.
The US Dollar has been appreciating gradually against the Chinese Yuan for three months now.
A medium-term ascending channel has guided EUR/GBP for the last three months.
The Australian Dollar has depreciated massively against the Japanese Yen since the beginning of August. The currency pair made a U-turn from its upper boundary of a descending channel on August 8 and had since declined by 287 base points or 3.46%.
Downside risks dominated the GBP/JPY currency pair since the middle of July, as the Great British Pound depreciated 6.13% against the Japanese Yen.
The New Zealand Dollar has depreciated 2.92% against the Swiss Franc since August 8. At the time, the pair pullback from the monthly pivot point at 0.6741 and began a new movement down in a descending channel. During the short period of decline, the rate breached some significant support level. Namely, a support cluster formed by the combination of the
The New Zealand Dollar has been weakening its position against the Japanese Yen since the end of July. This depreciation started when the pair reversed from the upper boundary of a descending channel. As a result, the Kiwi has been trading in a junior descending channel since the beginning of August.
Silver had been moving sideways against the US Dollar since mid-July with a diminishing trading range.
Following a three-week period of consolidation, the US Dollar finally managed to pick up momentum against the Singapore Dollar on Thursday and consequently advance 1.10% within two trading sessions.
The Pound Sterling has been depreciating against the Canadian Dollar in a steep descending channel. This movement has been guided by a four-month junior descending channel.
The British Pound has been driven by a strong downside momentum against the Australian Dollar since the beginning of August, and thus sending the currency pair to plunged by 537 base points. This bearish sentiment began on August 3, after the pair tested the 200-hour simple moving average and the weekly R2 near the 1.7783 mark and reversed south.
The CHF/SGD currency pair has been consolidating in the 1.3668/1.3785 range for a month now.
The US Dollar has been trading in an ascending triangle against the Swiss Franc since mid-April.
The British Pound has depreciated substantially against the New Zealand Dollar during the past month. This bearish sentiment has pressured the exchange rate down to a seven-week low level.
Upside risks dominated the common European currency against the New Zealand Dollar since mid-June. During the past one month, the currency pair has increased its trading range by 5.46%.
Upside risks dominated the USD/ILS exchange rate late in July, as the Greenback appreciated 2.20% against its Israeli counterpart.
After testing the senior channel at 13.10 two weeks ago, USD/ZAR initiated a new wave north along the bottom boundary of this pattern.
The Canadian Dollar has been moving in an ascending channel against the Swiss Franc since late June. The currency pair bounced off it bottom border on June 24 and rose to a one-month high level at 0.7679.
The Swiss Franc has appreciated significantly against the Japanese Yen since the beginning of May. The currency pair reversed from it lower boundary of an ascending channel pattern on May 8 and has since gained 4.27% of its value and also reached a four-month high level.