Following a reversal from the senior channel on March 18, the common European currency initiated a new wave up against the Hungarian Forint.
The US Dollar has strengthened against the Israeli Shekel since mid-March.
The GBP/CAD currency pair has been moving in a descending channel since mid-March. The exchange rate reversed from the upper boundary of a dominant ascending channel on March 20 and followed by a strong period of decline.
The British Pound has been trading in a dominant ascending channel against the Australian Dollar. The exchange rate began making a corrective movement south in a newly formed descending pattern on April 26 and has since remained bearish move.
The common European currency has weakened against the Singapore Dollar since early February when the pair reversed from the senior channel at 1.6450.
Bullish momentum has guided the USD/MXN exchange rate since mid-April, thus allowing the pair to strengthen from 18.00 to 19.60 within a couple of weeks.
The New Zealand Dollar has been steered by a long-term descending pattern against its Canadian counterpart. The exchange rate made a U-turn from the upper boundary of a junior descending channel on March 14 and has since hit a five-month low level.
The Australian Dollar has been constrained by an ascending channel against the New Zealand Dollar since April. The currency pair bounced off it lower boundary on April 8 and has since remained bullish.
Several patterns have guided the AUD/SGD exchange rate during the past few weeks.
EUR/SEK was trading in a four-month ascending channel prior to breaching this pattern to the downside on Wednesday.
The price movement of the CHF/JPY exchange rate has been constrained by a dominant descending pattern.
The Canadian Dollar has been trading in two different directions against the Japanese Yen. The most important of which is the junior ascending channel which has guided the price movement up.
After testing the upper boundary of a long-term channel for a couple of weeks, the US Dollar picked up significant force late in April, dashed through its upper boundary and the 55-, 100– and 200-period SMAs and skyrocketed up to the monthly R2 situated near the 3.62 level.
AUD/CHF has been trading in two dominant patterns, namely, an eight-month descending channel and a junior channel which formed in early February.
The Australian Dollar has been constrained by a two-month descending channel against its Canadian counterparts.
The Australian Dollar has been trading in a medium-scale triangle pattern against the New Zealand Dollar.
The US Dollar's movement against the Russian Ruble has been guided by several patterns, the most senior of which is a four-week descending channel.
The New Zealand Dollar has been trading in a two-month descending channel.
The common European currency has been losing strength in a descending channel against the Canadian Dollar during the past three-month. This is considered to be a retracement from the upper boundary of a senior channel.
The British Pound has been trading in a channel down against its Canadian counterpart since March 20. During this period of decline, the currency pair has reached a three-month low level.
The US Dollar recently met with dominant resistance against the Turkish Lira just below the 4.30 mark. Due to that reason Forex market participants can expect a decline of the rate in the medium and short terms.
After failing to pass the resistance of a long term ascending channel pattern, the USD/SEK has been declining in the short term. However, that move has ended and brought market participants new information.
The common European currency has been trading in several patterns against the Australian Dollar.
The British Pound has depreciated substantially against the Australian Dollar during the past one week. This bearish momentum has pushed the currency pair towards the lower boundary of a dominant ascending channel.