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.
Due to recent fundamental events the US Dollar has plummeted down to the lower trend line of a channel down pattern against the Swiss Franc. Moreover, it has fallen once more below the 2016 low level.
Some time has passed since we reviewed the situation on the GBP/JPY pair. The reason for the review is the recent demand for it.
The European common currency has appreciated substantially against the Sterling both in long and short term, as it is currently located at its highest level since 2009.
AUD/JPY is trading in a short-term symmetrical triangle which was formed when the rate entered a consolidation period near the lower boundary of a senior channel.
The Hong Kong Dollar has formed a channel down against the Japanese Yen in force since early July.
USD/NOK is currently trading in a short-term channel down.
The American Dollar is depreciating against the Polish Zloty in a long-term descending channel that started to form in the end of previous year.
The Australian Dollar is gaining value against the New Zealand Dollar in a few days long ascending channel, which started to form in result of an extensive jump of the exchange rate from the monthly R1 at 1.0868.
The Canadian Dollar is recovering against the Japanese Yen in a short-term ascending channel that expectedly started to form as soon as the preceding downtrend has changed.
The choice to review the EUR/NZD pair was made due to the rather high demand for it during the recent 24 hours on the Swiss Foreign Exchange and the fact that it does not involve the US Dollar.
Due to the reason that the Jackson Hole symposium will offset any pair, which involves the US Dollar, the choice to review the GBP/AUD currency exchange rate was up for dissection.
The British Pound is losing value against the Canadian Dollar in falling wedge pattern that began to transform from a descending channel in the middle of last week.
The Turkish Lira is losing value against the Japanese Yen in an ascending channel that began to form one week ago.
The decision to review the situation on the Silver charts was made due to the alternative it possesses to the safe investment of Japanese Yen, Swiss Franc and Gold.
Gold's technical charts show how the financial markets are preparing for the Friday's fundamental events. The picture is even considered by the Dukascopy analysts a proper example of educational material for the books.
The New Zealand Dollar is losing value against its Canadian counterpart in a short-term tiny descending channel began to form after a 50-pip appreciation of the Loonie last Friday.