Light crude oil prices have plunged significantly since the beginning of March. The pair has declined by 46.01% in value during the past two weeks trading sessions.
The benchmark for international crude oil prices Brent has declined significantly since the beginning of March. The commodity has slumped by 47.10% in value since March 3.
The USD/PLN exchange rate has been going upwards since the beginning of March after it failed to surpass the Fibonacci 38.20% retracement at 3.7496. Currently, the rate is testing the resistance level—the monthly R2 at 4.0557.
The USD/TRY currency pair has been trading upwards since the beginning of March after it re-tested the support level—the monthly S1 at 6.0479. The pair has already exceeded the 6.4500 level.
The Pound Sterling has declined by 1083 pips or 6.01% in value against the Canadian Dollar since last week's trading sessions. The currency pair tested January low level at 1.6915 on Friday.
The British Pound has surged by 763 pips or 3.95% in value against the Australian Dollar since the beginning of March. The currency pair tested the weekly R2 at 2.0230 on Monday.
The EUR/SGD exchange rate has been testing the resistance formed by the Fibo 61.80% and the monthly R3 in the 1.5900 area since last Monday.
The AUD/SGD currency pair has been trading downwards since the beginning of March after it failed to surpass the resistance level—the monthly PP at 0.9143. Currently, the pair is testing the support level –the monthly S2 at 0.8748.
The single European currency has been trending bullish against the Canadian Dollar since the middle of February. The currency pair has surged by 9.42% in value during this period.
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The Canadian Dollar has been depreciating against the Swiss Franc within a descending channel pattern since the middle of February. As apparent on the 4(H) chart, the CAD/CHF currency pair has already surpassed the 0.6900 region.
The Swiss Franc has been trending downward against the Japanese Yen since February 21. This movement has been bounded within a descending channel pattern.
The USD/ZAR currency pair continued to trade upwards. Currently, the pair is testing the resistance level—the monthly R2 at 16.55.
Silver has been depreciating against the US Dollar since the end of February after the XAG/USD exchange rate failed to surpass the 19.00 level. As apparent on the chart, the rate has already surpassed the Fibo 38.20% at 16.56.
The dollar index, which measures the US Dollar against a basket of major currencies, has declined by 5.09% in value since February 20.
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has declined by 26.45% in value since February 20.
The EUR/HUF exchange rate continued to trade upwards within the rising wedge pattern (4H time-frame chart). Currently, the rate is trading near the lower wedge line.
The EUR/PLN currency pair has been appreciating within the rising wedge pattern since the beginning of February. The pair has already surpassed the 4.2900 level.
Upside risks have dominated the New Zealand Dollar higher against the Canadian Dollar since the beginning of March. A breakout occurred through the upper boundary of a descending channel pattern on March 9.
The New Zealand Dollar has declined by 9.57% in value against the Japanese Yen since February 24. The currency pair tested the lower boundary of a descending channel pattern at 64.31 on March 9.
The EUR/DKK exchange rate continued to trade below the psychological level at 7.4740.
The USD/DKK currency pair has been trading downwards since the end of February after it failed to surpass the 6.9250 level. Currently, the pair is testing the support level—the Fibo 38.20% at 6.5468.
The common European currency has been appreciating in an ascending channel pattern against the British Pound. The currency pair has surged by 5.54% in value since February 18.
The US Dollar has declined by 6.27% in value against the Swiss Franc since February 20. The currency pair tested the weekly support level at 0.9240 during yesterday's trading session.