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.
The Buck recently fell below the support of the 61.80% Fibonacci retracement level located near the 0.9550 mark against the Swiss Franc. The passing of the retracement was long expected, as SMAs were pushing the rate lower.
Although the common European currency already met with the long term, most dominant channel's support against the Canadian Dollar, another retreat to reconfirm the trend line has occurred.
AUD/JPY is trading in two opposing channels simultaneously.
The bearish sentiment has prevailed the EUR/GBP currency pair, confining the pair within the bounds of a channel down.
The US Dollar has been plummeting against the Chinese Yuan during the second half of August. However, it seems that the decline of the Buck against the Yuan has ended.
The situation in the traditional risk on against risk off sentiment represented by the GBP/JPY currency exchange rate has been complicated during the recent trading weeks.
EUR/SGD is trading in two patterns simultaneously.
The US Dollar is trading in two patterns simultaneously against the Danish Krone.
Last week the Australian Dollar encountered a resistance against the New Zealand Dollar, which caused a decline of the pair.
Recently the common European currency made a rebound against the Russian Ruble. Due to that reason a review of the pair was done.
The European common currency has entered a medium-term consolidation period which has resulted in the formation of a broadening wedge.
AUD/CAD is trading in a descending channel.
The common European currency recently reached the upper trend line of a junior descending pattern against the Swedish Krona. Due to that reason the pair can be considered at a significant crossroads for short term traders.
Recently the Canadian Dollar bounced off a dominant channel up pattern's lower trend line against the Japanese Yen. As a result of the rebound a short term ascending channel pattern has revealed itself.
EUR/NZD has formed a medium-term ascending channel.
The gradual appreciation of the Euro against the Swiss Franc has resulted in the formation of an ascending channel.