The common European currency has been gaining strength against the British Pound in a steep ascending channel since April. The channel pattern was formed on April 17 when the currency pair bounced off the lower boundary of the ascending pattern.
The Pound Sterling has been trading in a medium-term triangle formation pattern against the New Zealand Dollar since the end of April. The currency pair tested its upper boundary on April 27 and reached the bottom border last June.
Following a month of appreciation, the Sterling reversed from 149.25— its three-month high against the Japanese Yen—and began falling.
GBP/CHF has been trading in a descending channel since May.
The British Pound has been losing strength against the Canadian Dollar in a steep descending channel. This movement has been guided by a four-month downtrend channel.
The GBP/AUD currency pair has been trading in a triangle-Like formation since early July. The Pound Sterling tested the upper boundary on July 12 and reached the bottom border two weeks ago.
The AUD/CAD exchange rate has been trading in a descending channel for the last two months.
The South African Rand began appreciating against the Japanese Yen mid-July when it reversed from the senior channel circa 7.88.
The Australian Dollar has been guided by three months ascending channel against the New Zealand Dollar. This channel was formed on April 18 and has since driven the currency pair higher.
The Australian Dollar has been driven by strong upside momentum against the Japanese Yen since the end of June and thus rose by 322 base points or 3.99%. This bullish sentiment started after the currency pair bounced off the lower boundary of an ascending channel.
The common European currency has been trading in a long-term descending wedge against the Norwegian Krone.
The USD/RUB currency pair is trading in an ascending triangle formed early in April.
The Swiss Franc movement against the Japanese Yen has been constrained by two months ascending channel. The exchange rate bounced off the bottom boundary of a junior ascending channel on May 10 and has since hit a four-month high level near the 113.03 mark.
The AUD/CHF currency pair has been trading in a triangle-like formation since early June. Its upper boundary of a downtrend line was formed on June 7 while the bottom border was formed on July 3.
Upside risks prevailed in the market at the beginning of July, thus sending the US Dollar 3.10% higher against the Swedish Krona.
The Swiss Franc is appreciating against the Singapore Dollar in a short term ascending channel.
Indicator 4H 1D 1W MACD (12; 26; 9) Buy Sell Sell RSI (14) Neutral Neutral Neutral Stochastic (5; 3) Neutral Neutral Neutral Alligator (13; 8; 5) Buy Sell
The CAD/CHF currency pair has been trading in a descending channel during the past two months. During this period, the exchange rate tested the upper boundary of the prevailing channel twice.
The dominant pattern which has guided the up-ward movement of the EUR/GBP exchange rate for the last four weeks is an ascending channel.
The US Dollar has gained 7.10% against the Chinese Yuan since mid-June.
Upside risks have dominated the EUR/NZD currency pair, thus allowing the single European currency to climbed 797 base points or 4.81% against the New Zealand Dollar since June 15.
The common European currency has been guided by two opposite channels against the Swiss Franc. The most important of the pattern is the two months descending channel formed on May 8.
The common European currency continues to strengthen against the Turkish Lira in the long term.
The AUD/SGD currency pair has been trading in an ascending channel since mid-July.