USD/PLN is trading in two channels which are guiding its movement.
Following a test of an eight-month low of 0.7275 on February 8, the Aussie entered a three-week period of consolidation against the Swiss Franc.
The price movement of AUD/JPY has been guided by several channels, the most important of which for long-term trading is the dominant channel down.
A bearish movement is dominating the CAD/JPY pair since early January. The rate reached the upper boundary of a dominant channel on January 5, and since then, it has been trading south.
The US Dollar has depreciated gradually against the South African Rand during the previous two weeks.
After bouncing off the senior channel on January 29, the common European currency began a new up-wave and formed an ascending channel along the way.
The US Dollar has started to gain strength against the Russian Ruble after the pair reached a five-years' low of 55.58. However, the surge was stopped by the weekly R2 at 58.62.
The Canadian Dollar has been trading in a descending channel against the Swiss Franc since early January.
After reaching the upper boundary of the senior channel circa 0.71 mid-January, the Swiss Franc depreciated substantially during the following weeks prior to reversing to the upside two weeks ago.
NZD/JPY has been confined by a long-term channel against since November, 2016.
The Pound Sterling has continued to surge against the New Zealand Dollar since the last time the pair was reviewed.
Sterling has been guided by an ascending channel against its Canadian counterpart since late September 2017.
The Swiss Franc has been appreciating gradually against the Singapore Dollar since mid-January.
After testing a three-month high of 81.50 late in January, the bearish sentiment took the upper hand in the market and stranded the NZD/JPY exchange rate in a descending channel.
The Pound Sterling has been constrained by a descending channel against the Japanese Yen after the pair touched the upper boundary on February 2.
The common European currency has been bound in several long and medium-term patterns which have guided the currency pair lower since August 2017.
USD/MXN has been confined in a nine-month ascending channel.
EUR/SEK is being guided by several patterns, the most important of which are two opposing channels.
During the past few weeks, the British Pound has been depreciating heavily against the Swiss Franc. The depreciation occurred after the pair hit the weekly R1 at 1.3439.
The US Dollar has been constrained by a descending channel against the Swiss Franc after hitting a resistance at the 200—hour simple moving average on January 10.
After bouncing off the lower boundary of a four-month channel circa 1.71 mid-January, the Sterling began appreciating substantially against the Aussie during the following weeks.
USD/CNH is trading in two descending channels which have guided its movement during the past three weeks.
After hitting the weekly pivot point at 1.1289 on October 24, 2017, the Australian Dollar has been trading in a channel down against its New Zealand counterpart.
A review was made for the Aussie pair, as the previously drawn pattern was broken. The currency pair has been volatile since the last time it was reviewed.