Last week, the SGD/JPY exchange rate breached the long-term descending channel south. Currently, the rate is trading at the 76.50 level.
The Euro has been appreciating sharply against the Singapore Dollar since the beginning of August. As apparent on the chart, the EUR/SGD currency pair reached the resistance level—the monthly R3 at 1.5558.
International benchmark Brent crude futures has depreciated about 10.32% in value since July 31. The commodity reached an eight-month low at 58.90 during the Asian session on Wednesday.
The Light crude oil has depreciated about 9.00% in value against the US Dollar since July 31. A breakout occurred through the lower boundary of an ascending channel pattern on August 1.
The Swiss Franc has been appreciating significantly against the Singapore Dollar since the beginning of August. However, the CHF/SGD exchange rate was unable to surpass the 1.4250 level.
The New Zealand Dollar has been depreciating against the Canadian Dollar since the end of July after the NZD/CAD currency pair reversed south from the upper boundary of the medium-term descending channel at 0.8890.
The Pound Sterling has been trading sideways against the Canadian Dollar since July 30. The currency pair has remained near the weekly pivot point at 1.6114 since last week's trading sessions.
The British Pound has appreciated about 2.37% in value against the Australian Dollar since July 30. The currency pair tested the 200-hour simple moving average at 1.7944 during yesterday's trading session.
The common European currency versus the Australian reversed from the lower boundary of a dominant ascending channel pattern on July 23. The currency pair has appreciated about 3.15% in value during this time period.
The single European currency has been trading in a horizontal channel against the Canadian Dollar since the beginning of July. The currency pair bounced off from the bottom border of the horizontal channel at 1.4596 on August 2.
The New Zealand Dollar has been depreciating against the Swiss Krone after the NZD/CHF exchange rate reversed south from the upper boundary of the falling wedge pattern at 0.6660.
The Australian Dollar has been depreciating against the New Zealand Dollar within the descending trend since the beginning of April. The AUD/USD currency pair has been testing the lower channel line since the middle of July.
The Swiss Franc has been depreciating against the Japanese Yen during the past one month. The currency pair has declined by about 2.11% in value since July 1.
The Canadian Dollar reversed from the upper border of a triangle pattern formation at 0.7606 on July 8. The CAD/CHF currency pair has depreciated about 1.62% in value during this time period.
The USD/MXN currency pair has been trying to surpass the resistance level formed by the Fibonacci 38.20% retracement at 19.21 since the beginning of June.
Last week, the XAG/USD exchange rate tried to breach the long-term ascending channel north. As apparent on the chart, the rate reversed south from the upper channel line at 16.60.
The Australian Dollar has been trading in a three-month descending channel pattern against the Canadian Dollar. The channel pattern was formed on April 16 and has been guiding the pair lower during the past three months.
The common European currency has appreciated about 3.06% in value since July 25. The currency pair reached August 31, 2018, high level at 0.9191 during this week's trading sessions.
The Euro has been appreciating against the Danish Krone since the beginning of July after the EUR/DKK exchange rate reversed north from the lower boundary of the long-term ascending channel at 7.4620.
The EUR/CHF currency pair has been trading within the descending channel since the beginning of June. As apparent on the chart, the pair has already surpassed the psychological level at 1.1100.
The New Zealand Dollar reversed from the upper boundary of a dominant descending channel pattern at 73.29 on July 22. The currency pair has breached both the 50-, 100– and 200-hour SMAs since last week's trading sessions.
The Canadian Dollar has been trading in an ascending channel pattern against the Japanese Yen since June 3. The currency pair has gained about 3.43% in value during this period of time.
The S&P 500 has been appreciating in an ascending channel pattern since the beginning of June. The pair reached the $300 mark during last week's trading sessions.
The Dollar index has been appreciating in an ascending channel pattern since the end of June when the pair reversed from a support level formed by the lower boundary of the channel pattern at 95.50 on June 26.