The USD/CHF still remains one of the easiest to forecast currency pairs, as it move sin accordance with technical patterns, which are consistent with the easy to predict political global and US domestic events.
At the end of August the common European currency met the upper trend line of a dominant channel pattern against the Australian Dollar.
The US Dollar has depreciated substantially against the Polish Zloty since December 2016.
The bearish sentiment that had dominated the market since early August was reversed last week when the US Dollar started to appreciate against the Turkish Lira.
Due to a recent fundamental release of data in the United Kingdom the EUR/GBP currency exchange rate suddenly dropped down to the monthly S1, which is located at the 0.8988 level.
The situation on the GBP/JPY currency pair has been massively affected by the various fundamental events on both sides of the rate.
The downward pressure that prevailed the market since early August bounded USD/ZAR in a descending channel, thus falling down to the 12.77 mark one month later.
The common European currency is trading in two channels simultaneously against the Norwegian Krone.
The USD/CHF continues to trade exactly as forecasted by the Dukascopy Analytics team. Meanwhile, the recent developments have pressed for a review of the pair.
The situation on the CHF/JPY currency pair is hard to understand at first glance. However, if one keeps it short, the currency rate is surging in three various ascending patterns simultaneously.
Upside risks dominated the CAD/CHF exchange pair during the past two weeks, thus resulting in the formation of an ascending wedge.
The US Dollar was trading in a long-term falling wedge against the Swedish Krona prior to breaching this pattern on Monday.
If one looks at the charts, which involved the Canadian Dollar, first thing one notices is the massive jump of the Loonie against anything else.
During the recent trading sessions the US Dollar has made a rebound against the Russian Ruble. Due to that reason a surge is to be expected.
The Pound is trading in two descending channels simultaneously against the Canadian Dollar.
Following a four-week decline against the Swiss Franc, the Pound halted at the 1.2221 mark, where the weekly S1 was located at the time, managed to recover some losses and consequently formed an ascending channel.
The previous forecast for the USD/CHF came into reality just as expected. The pair found minor support in the weekly S1 only to decline further below.
Recent developments on the EUR/GBP currency exchange rate have pressed for a review of the pair. The review is being done, to map the larger scale situation, which previously was not fully accounted for.
NZD/JPY has formed a falling wedge in force since early August.
The Pound has slightly appreciated against the Australian Dollar during the last few weeks, thus forming a relatively flat ascending channel.
The common European currency recently stopped its short term decline against the Swiss Franc, as it found support in a medium term ascending channel. However, the rate still should decline.
The common European currency has recently been volatile against the Australian Dollar in a set range. The range is located from the 1.4980 level down to the 1.4850 mark.
The Pound has gained valued against the New Zealand Dollar since mid-August, creating a short-term ascending channel.
The Swiss Franc is trading in a descending channel against the Japanese Yen.