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.
The Australian Dollar recently marked another bounce off from the resistance of the 2017 high level against the Swiss Franc.
The US Dollar continues to trade in an ascending channel pattern against the Chinese Yuan.
USD/ZAR has been trading in a narrow ascending channel since early September.
The US Dollar has strengthened against the Norwegian Krone since mid-August, thus forming a channel up.
While examining the highly demanded pair of EUR/AUD Dukascopy analysts noticed that there are no notable strong short term pattern. Instead one should look at the larger scale charts.
After encountering a combined support level of two dominant channel patterns the common European currency has rebounded against the Pound and begun a surge.
During the past weeks, the US Dollar has been trading sideways against the Polish Zloty.
Following a three-month period of no distinct direction, the Aussie started to depreciate against the Singaporean Dollar mid-September.
At the start of a new month the Swiss Franc met with a considerable support level against the Japanese Yen just above the 115.00 mark.
The Pound recently encountered a strong resistance cluster against the Australian Dollar. As a result of the bounce off a junior channel down pattern has formed.
USD/SEK is trading in two ascending channels simultaneously.
The New Zealand Dollar has depreciated slightly against the Japanese Yen during the past two weeks.
After the high volatility experienced in the previous two weeks, the EUR/CAD currency pair's technical charts need to be completely redrawn.
Although the previously marked falling wedge has been broken, the GBP/JPY has reached the lower trend line of the medium scale ascending channel pattern.
If looking at AUD/CAD's movement during the past two weeks, it is apparent that the rate has entered a consolidation period with diminishing trading range.
EUR/SEK was trading in a medium-term ascending channel in force since mid-August.