The US Dollar is trading against the Swedish Krona simultaneously in three channel patterns. The situation is simple. On a large scale the Greenback is surging against the Krona in an ascending channel pattern. On a medium scale the rate is depreciating from the large scale pattern's upper trend line to the lower trend line in a simple channel down.
Most recently the EUR/SEK currency exchange rate traded in a descending channel on a medium scale. However, that has ended, as the pair reached a larger scale pattern's lower trend line and rebounded. As a result an ascending channel has formed and revealed its borders. It is likely that the pair will surge in accordance with the newly formed pattern
The common European currency is in an ascending wedge against the Norwegian Krona. However, on a larger scale the currency exchange rate is in a descending channel. Moreover, the currency pair recently hit the large scale channel's upper trend line at 9.1150 and bounced off from it. In addition, the pair recently moved below the 23.60% Fibonacci retracement level at
The AUD/CAD currency exchange rate is not a case of complicated and webbed various patterns upon patterns. The pair is in a simple descending channel pattern, and there are no other patterns influencing the currency rate. However, too bad that nothing is that simple, as there are very significant Fibonacci retracement levels affecting the currency pair. The retracement levels are
The Kiwi trades against the Swiss Franc simultaneously in three patterns. On a large scale the rate is in a rising wedge. On a medium scale the pair fluctuates in the borders of a descending channel. Both of these larger patterns are actually almost horizontal making the pair a bad long term bet for anyone, but their trend lines still
The Singapore Dollar has been trading in a descending channel against the Japanese Yen. Meanwhile, the currency exchange rate is also trading in a larger scale ascending channel pattern. Most recently the pair reached the large scale channel's lower trend line and bounced off of it. Due to that it can be assumed that the pair is set to form
The common European currency is trading in a short term ascending channel against the Australian Dollar. However, in the meantime the currency exchange rate is in a larger scale slowly ascending channel, and recently the pair has reached and bounced off from the large scale channel's upper trend line. In accordance with the dominant channel the rate is set to
Silver is a metal which has not been reviewed for some time. Due to that factor and the latest developments in the metal's movements a review of the commodity price's movements needs to done. First of all the previous ascending channel was broken by the combined effort of the 200-period SMA and 50.00% Fibonacci retracement level near the 17.25 mark
The Aussie is depreciating against the Japanese Yen in a descending channel pattern, as the currency exchange rate retreats after encountering a strong resistance level. The pair recently encountered the 50.00% Fibonacci retracement level at 87.53, which connects the 2014 high and 2016 low levels. However, it had to be added that the 2016 low level is exactly the same
The US Dollar trades against the Polish Zloty in an unordinary way. However, it is still possible to map and forecast the currency exchange rates movements. On a larger scale the pair is in a rising wedge, and recently the rate hit the wedge's upper trend line and formed a new medium term pattern. The medium term pattern is a
The Canadian Dollar recently broke out of a large scale but rather week ascending channel against the Hong Kong Dollar. The breakout occurred in a small scale falling wedge pattern on the hourly chart. In the moment of the breakout the currency exchange rate fell sharply until it encountered a strong support cluster. The support cluster was made up of
The Euro is surging against the Greenback in a short term ascending channel. Meanwhile, the rate is also simultaneously trading in two descending channels. The short term channel up pattern is a representation of the rates rebound from the medium term descending pattern's support line, and the medium term channel is such a type of rebound from the large scale
The common Europan currency recently rebounded against all other majors. Due to that reason a review of the situation is required. First of the noticable trends is the Euro's ascending channel against the Sterling on the four hour chart. Although, on a larger scale the currency exchange rate is still in a descending channel patter, and the ascending channel is
The Euro is in a complicated situation against the Ruble, as every broken trend line continues to influence the currency exchange rate. In general a breakout from a large scale pattern is occurring. The currency pair formed a new short term channel down pattern instead of rebounding after the medium term pattern guided the rate to the large scale channel's
Since the end of October the Greenback has been surging against the Japanese Yen in a medium term ascending channel pattern. However, due to the US presidential elections the pair did bounce out of the pattern for mere sixteen hours. The medium size pattern is a representation of the rates surge in the aftermath of a rebound against a larger
The US Dollar is surging against the Norwegian Krona simultaneously in two ascending channels. The short term channel is a representation of the pairs rebound against the medium term channel's lower trend line. Meanwhile, on a larger scale the currency exchange rate is fluctuating in an almost horizontal channel, which is only slightly tilted to the downside. Most recently the
The common European currency is in a medium term descending channel against the Danish Krona. However, the currency exchange rate is simultaneously trading in two descending channels, as on a larger scale the pair is also moving south. Recently the currency pair hit the larger pattern's lower trend line and began a rebound. Although, it has to be noted that
The US Dollar continues its surge against the Chinese Yuan simultaneously in two ascending channel patterns. The medium sized pattern is a representation of the rates rebound against the larger pattern's lower trend line. Most recently the currency exchange rate broke through the resistance put up by the weekly pivot point at 6.9439. Due to that fact the rate has
The New Zealand Dollar is surging against the Japanese Yen in an ascending channel on the four hour chart. Meanwhile, there seem to be no larger patterns at work. However, by delving deeper into the currency exchange rates history, it can be seen that the pair is highly affected by the Fibonacci retracement levels, which are measured by connecting the
The US Dollar is simultaneously in three ascending channels against the Swedish Krona. Each one of the channels is steeper than the previous, as all of the minor channels are a representation of some rebound. Most recently the currency exchange rate met with an intersection of two upper trend lines at 9.4337 and bounced off of the resistance level. The
After a pause it is time to once more review the situation with the USD/RUB currency exchange rate. It seems that that the fall of the currency pair ended in the middle of December, when the currency exchange rate met with the support provided by the lower trend line of a larger descending channel. However, this is a new descending
The Sterling is in a short term descending channel against the Swiss Franc, as the currency exchange rate trades between the 23.60% Fibonacci retracement level and a December high level. The 23.60% Fibonacci retracement level is located at 1.2764 from the downside, and the December high level is at 1.2894. The December high level has managed to pressure the rate
The common European currency is simultaneously trading in three channels against the New Zealand Dollar. On a large and medium scale the pair is in two descending channel's, and the medium scale channel is a representation of the rates bounce off and the following fall against the larger channel's upper trend line. Meanwhile, on a smaller scale the pair is
USD/TRY consolidated the uptrend in an ascending triangle pattern and has just tested the bottom trend-line of the pattern to extend a surge to the upper boundary at 3.5449. The pattern is most likely to break to the upside, and focus will then shift to 3.5788/5825 where a cluster of resistances could push for a retracement. The pair has currently