The AUD/JPY currency exchange rate is another one of the pairs, which has changed its direction on a large scale following the recovery of the Japanese Yen.
After all the Swiss Franc passed the long term support line against the Japanese Yen, which was described in the first half of October.
Almost a month ago the price of copper was going higher without anything suggesting that a decline might soon begin.
Due to the recent surge in Brent oil volume on the Swiss Foreign Exchange, a review of the technical situation has been done by Dukascopy analysts.
The common European currency has bounced off the resistance of a dominant pattern against the Swiss Franc.
The previous review of the US Dollar against the Swiss Franc stressed that the new medium term pattern, which was about to reveal itself, might also have an ascending angle.
The dominant pattern of the EUR/CAD exchange rate is a six-month descending channel.
The Pound had been trading in a channel down since mid-2016 prior to breaching this long-term pattern on October 19.
The US Dollar has possibly revealed the upper trend line of the medium scale ascending channel pattern against the Russian Ruble.
The previous review of the Euro against the Pound pair concentrated on the fact that a large scale channel down pattern had guided the rate down to the support line of a massive scale triangle pattern.
Following an eight-month period of depreciation in a descending channel, the US Dollar began a new up-wave late in August.
After reaching the 2016/2017 low of 1.4631 in February, EUR/NZD began trading in an ascending channel.
The Australian Dollar is trading against the Swiss Franc simultaneously in two ascending channel patterns.
The situation on the AUD/NZD charts is quite rare. The pair has broken the resistance of a massive scale triangle pattern.
During the past seven weeks, the New Zealand Dollar has been weakening against the Swiss Franc, thus forming a descending channel.
NZD/CAD is being guided by three patterns, namely, two descending channels and a short-term channel up.
The Pound continue to surge against the Australian Dollar. Namely, the pair is in three ascending channel patterns of various scale.
The breakout from the large scale triangle on the EUR/AUD currency exchange rate has occurred
GBP/CAD has been guided by several patterns.
The Canadian Dollar has been weakening against the Japanese Yen in a descending channel since mid-September.
The US Dollar recently broke a massive scale descending channel pattern against the Singapore Dollar.
The US Dollar recently revealed a dominant pattern against the Swiss Franc. As the US GDP data sets were released the currency exchange rate broke the previously dominant rising wedge pattern.
USD/PLN had been trading in a descending channel in force since mid-November, 2016.
The pair's movement has been guided by several patterns, the most eminent of which are a long-term ascending wedge (valid since mid-2016) and two shorter-term patterns—a channel up and descending wedge.