The Canadian Dollar has continued to trade in a descending channel pattern against the Swiss Franc. The currency pair has declined by 176 pips or 2.34% in value since the beginning of January.
The Swiss Franc has been trading bearish against the Japanese Yen since the middle of January. The currency pair breached the 50-, 100– and 200– hour SMAs during these two weeks.
The Australian Dollar has been depreciating against the Swiss Franc since the beginning of January after the AUD/CHF exchange rate failed to surpass the Fibonacci 23.60% retracement at 0.6816.
The Australian Dollar has been depreciating against the Canadian Dollar since the beginning of January. This movement has been bounded within the descending channel (4H time-frame chart).
The New Zealand Dollar has been trading downwards against the Canadian Dollar since December 30. This movement has been bounded within a junior descending channel pattern.
The New Zealand Dollar has been depreciating against the Japanese Yen since the end of December after the NZD/JPY exchange rate reversed from the upper boundary of an ascending channel pattern at 73.46.
The Swiss Franc has been appreciating against the Singapore Dollar since the middle of January. This movement has been bounded within the rising wedge pattern.
The Euro has been depreciating against the Singapore Dollar since the beginning of January after the EUR/SGD currency pair failed to surpass the 1.5150 level. As apparent on the chart, the pair declined below 1.5000.
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has continued declined by 3.82% in value since January 20. The pair breached the 55-, 100– and 200– period SMAs during this period.
The dollar index, which measures the US Dollar against a basket of major currencies, has continued to trade bullish. The currency pair breached the upper boundary of a descending channel pattern at 97.80 on January 27.
The Canadian Dollar has been depreciating against the Swiss Franc since the beginning of January. This movement has been bounded within the falling wedge pattern.
The Euro has been depreciating against the Swiss Franc since the beginning of December when the EUR/CHF currency pair failed to surpass the 1.1050 level.
The common European currency has declined by 142 basis points or 1.65% in value against the British Pound since January 15. The decline began after the currency pair tested the upper boundary of a descending channel pattern at 0.8580.
The US Dollar has surged by 95 pips or 0.99% in value against the Swiss Franc since January 15. The currency pair tested the upper boundary of a descending channel pattern at 0.9712 on January 27.
Recently, the HKD/JPY exchange rate reversed south from the upper boundary of the long-term ascending channel at 14.20. Currently, the rate is trading at the weekly S1 at 14.00.
The ZAR/JPY currency pair has been trading downwards since the end of December after it failed to surpass the Fibonacci 39.30% retracement at 7.79. As apparent on the chart, the pair is trading at 7.50.
The single European currency has edged lower by 237 basis points or 1.40% in value against the New Zealand Dollar since January 15. The decline began after the currency pair tested the upper boundary of a descending channel pattern at 1.6902.
The Australian Dollar has declined by 130 pips or 1.25% in value against the New Zealand Dollar since January 15. The currency pair breached a support cluster formed by the weekly PP and the monthly S1 at 1.0350 during Friday's trading session.
During this week's trading sessions, the Ethereum cryptocurrency has declined by 10.90% in value against the US Dollar. The exchange rate breached the 50– period simple moving average within this period.
After the Bitcoin cryptocurrency tested a resistance cluster formed by the weekly R1 and the monthly R3 at 9178.4 on January 19, the exchange rate began to decline. The pair has declined by 9.24% in value during this period.
The NZD/CHF exchange rate continued to trade downwards within the falling wedge pattern. Currently, the rate is testing the upper pattern line.
The CHF/JPY currency pair continued to extend gains within the long-term ascending channel. As apparent on the chart, the pair exceeded the 112.50 level.
The British Pound has surged by 1.94% in value against the Japanese Yen since January 8. The currency pair tested a resistance cluster formed by the weekly R1 and the monthly pivot point at 144.33 during yesterday's trading session.
The Australian Dollar has declined by 1.55% in value against the Japanese Yen since January 16. The currency pair breached both the 50-, 100– and 200– hour SMAs during this period.