The New Zealand Dollar just plummeted against the Japanese Yen. The fall, however, was stopped by the most dominant support, which Dukascopy analysts could discover on the pair's charts.
The previous analysis of the AUD/NZD pair turned out to be correct. To the letter. However,
The US Dollar was trading in two patterns simultaneously, namely, a channel down valid since early October and a week-long ascending wedge.
Following a massive upward leap of the USD/TRY exchange rate late in October 8, the rate has retreated slightly, thus standing near the 3.67 mark early on Friday.
For some time an analyst at the Dukascopy research team was expecting a rebound to occur against the lower trend line of a massive scale channel up pattern.
The Australian Dollar is trading in an ascending channel pattern against the Japanese Yen.
The movement of the CHF/SGD exchange rate during the past weeks has been characterized by two descending channels.
USD/SEK is trading in two note-worthy patterns.
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.