Another review of the highly demanded USD/CHF pair has been conducted.
At the first glance on the daily chart for the EUR/AUD one can spot an almost perfect large scale ascending channel pattern.
AUD/NZD has been trading in ascending channel valid since mid-September.
The New Zealand Dollar is trading in two opposing channels against its Canadian counterpart.
The common European currency has recently reached the resistance of a rather large scale descending channel pattern against the Canadian Dollar.
The previous forecast for the Swiss Franc against the Japanese Yen lasted only in the short term.
The Kiwi has been trading in a channel down against the Swiss Franc since mid-September.
The movement of GBP/NZD has been characterized by three patterns, namely, a medium-term ascending channel, symmetrical triangle and a falling wedge.
Not so long ago a review of the daily timeframe of the EUR/GBP pair was done. It was discovered that the pair trades in a massive scale triangle pattern
After the recent developments on the fundamental side from the Pound the GBP/JPY pair has forced for an adjustment in the active channel down pattern.
Following a two-week appreciation against the New Zealand Dollar, the common European currency entered a minor period of price decrease.
The British Pound has been trading in channel up against the Swiss Franc during the past two weeks.
The Canadian Dollar by large is doing a long term rebound against the Japanese Yen, as the rate has formed a long term ascending channel pattern.
By large the slow moving low volatile EUR/SEK pair has been slowly moving in an ascending channel pattern on the daily chart.
The South African Rand has weakened against the Japanese Yen for the last six weeks—a movement which has been confined in a descending channel.
The Euro against the Singaporean Dollar has been trading in a channel down for the past seven weeks.
Recently the Pound reversed its direction against the Australian Dollar and formed a medium term channel patter, which just recently did something that was largely unexpected.
The common European currency has recently formed a narrow ranged ascending channel pattern against the Swiss Franc on the four hour charts.
EUR/PLN had been trading in an ascending channel since late August prior to breaching this pattern to the downside on Tuesday.
The US Dollar has appreciated substantially against the Mexican Peso during the past three weeks.
The New Zealand Dollar has reached a notable support level against the Japanese Yen. The support is represented by the weekly S1 at the 0.7935 level.
The US Dollar has recently suffered losses against the Swiss Franc, as the junior channel up pattern has been broken on the four hour chart.
The AUD/JPY exchange rate is trading in a falling wedge.
After reaching its three-month high at 1.6776, the Sterling started to depreciate against the Canadian Dollar in a falling wedge.