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.
Although the US Dollar recently rebounded against the Singapore Dollar, the currency pair is still set to decline in the long term.
The US Dollar has been depreciating against the Russian Ruble during the last month. However, recently the currency exchange rate has reached the support line of a dominant descending channel pattern.
The recent depreciation of EUR/TRY has resulted in the formation of a channel down.
The EUR/SEK exchange rate has formed a broadening wedge.
In the aftermath of the Jackson Hole Symposium the common European currency has surged against most of its counterparts. The Australian Dollar is not an exception to the rule.
The review of the EUR/CAD pair is done due to the demand of traders. Traders want to trade this pair, as it is one of the options to use to trade the Euro without the US Dollar's fundamental influence.
The US Dollar has lost value against the South African Rand in the recent weeks, thus resulting in the formation of a channel down.
The recent depreciation of the US Dollar against the Turkish Lira has confined the rate in a short-term descending channel.