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.
The Canadian Dollar is trading against the Hong Kong Dollar in a two week long ascending channel that started to form after the currency rate left a preceding ascending channel.
Due to the high trading volume on the Swiss Foreign Exchange Marketplace, it was decided upon doing a short review of the technical situation on the EUR/CHF currency pair.
Due to new developments on the GBP/JPY pair, a review of the situation is proposed by Dukascopy.
The Canadian Dollar is trading against the Swiss Franc in a two week long ascending channel. Up until Tuesday the currency pair moved relatively smoothly within the figure.
The Australian Dollar is losing value against the Canadian Dollar in a short-term descending channel that staretd to form after a 39-pip depreciation of the Aussie last week.
The common European currency is trading in a medium term ascending wedge pattern against the Pound. The wedge formed as a result of the pair rebounding against the lower trend line of a larger channel up pattern.
The Euro is losing value against the Loonie in a short term channel down pattern. However, the situation is not going to last longer than a few trading sessions.
The American Dollar is trading against the Swiss Franc simultaneously in descending and ascending channels.