AUD/CAD has been trading in a neat ascending channel since early November.
The Australian Dollar has appreciated substantially against the Japanese Yen since late November.
After meeting with the lower trend line of a dominant channel up pattern, AUD/NZD currency exchange rate began a surge on January 12.
The US Dollar has continued to decline against the Russian ruble, as expected.
The direction of USD/PLN has been tended southwards since late September.
The Australian Dollar was stranded in a six-month channel down against the Singapore Dollar prior to breaching this pattern early January.
After reaching the weekly pivot point level of 1.74, since late November 2017, the British Pound continued to lose strength against the Canadian Dollar
The US Dollar continued to decline against the Turkish Lira since the breakout occurred in early December 2017 as expected, due to the rate being clutched from both sides.
The common European currency, as it was expected, broke the junior channel down pattern against the Pound. However, since the last review, more developments have taken place.
After meeting with the lower trend line of a dominant channel up pattern the, GBP/JPY currency exchange rate began a surge.
SGD/JPY was trading in a channel up for two months prior to breaching this pattern to the downside.
After reversing from the 2017 high of 14.60 mid-November, the US Dollar began trading in a steep channel down against the South African Rand.
The US Dollar continued to depreciate against the Canadian Dollar at the time of this analysis. The overall trend is showing the bear is growing stronger.
After reaching the four month high of 91.58, since the first week of January 2018 the Canadian Dollar continued to lose strength against the Japanese Yen.
The common European currency has been in the spotlight recently, as the currency has reached long unobserved high levels. This event can also be observed on the EUR/CHF rate's charts.
As the US Dollar extended its losses against the rest of the currency pairs, the USD/CHF pair was no exception. Moreover,
The Canadian Dollar has been constrained in a channel up against the Swiss Franc.
The New Zealand has appreciated substantially against the Canadian Dollar since early December, thus forming an ascending channel.
The common European currency recently jumped against the rest of the currency market. However, on the EUR/AUD pair the end of the surge has already occurred.
The US Dollar has continued to lose ground against the rest of the currencies. The USD/CNH pair is no exception to this event. However,
AUD/NZD was confined in an ascending channel for eight months.
Following a southern breakout of a three-month ascending channel, the Euro started to weaken against the Norwegian Krone, thus resulting in a formation of an opposing channel.
The common European currency has reached a dominant support line against the New Zealand Dollar. The encounter has resulted in a rebound.
At the end of the last year the Pound reached a zone near a 50.00% Fibonacci retracement level against the Swiss Franc. Namely, the currency exchange rate traded above the 1.3140 mark.