The US Dollar has mapped a massive surge against the Polish currency. Dukascopy analysts had hypothesized a surge. However, the expectations have been beaten in more than one way.
The US Dollar surged against the rest of the financial markets on Monday. The reason was the fact that North Korea announced that it will stop its nuclear program.
The Euro has been weakening against the Singapore Dollar since early February—a movement which has been constrained in a descending channel.
AUD/NZD has been moving in a long-term channel down valid since October, 2017.
The common European currency has met with the resistance of a medium term pattern against the Danish Krona. Moreover, the resistance line is strengthened by the 100 and 200-period simple moving averages and the monthly S1.
The common European currency has recently met with the support of a medium scale ascending pattern against the Czech Krona. This event has resulted in the formation of a junior ascending pattern.
EUR/CAD has been moving in a five-week channel down.
The Australian Dollar has strengthened against the Japanese Yen in an ascending channel since mid-March.
There is something about the USD/THB pair that you can observe only by changing the time frames of the charts while having set up them to show the 200-period simple moving average.
The US Dollar recently gained massively against the Mexican Peso. That occurred mainly due to the political turmoil around the Mexican Presidential election, which caused a sudden fall in the value of the Peso.
Strong upside risks have guided the GBP/CHF currency pair for the last two months.
The Euro has depreciated substantially against the Pound Sterling since early March.
The Greenback bounced of a large scale 50.00% Fibonacci retracement level against the Singapore Dollar at the start of April. As a result of the event a descending channel down pattern has formed.
The US Dollar recently reached the lower trend line of a long term descending channel against the Polish currency. As a result the pair has already formed a short term ascending channel pattern.
The Canadian Dollar has accelerated significantly against the Swiss Franc since mid-March.
The common European currency has been appreciating against the Turkish Lira since early March.
The US Dollar's movements against the Chinese one currency have not been mapped for some time, because some consider them rather boring. The bottom line about the pair is that the US Dollar is losing value against the Yuan.
The Swiss Franc is a safe haven currency, where funds flock to, if there is an increase in risk in the markets. The Japanese Yen also is a safe haven currency. However,
The US Dollar has been trading in an ascending channel against the Swedish Krona since the beginning of 2018.
EUR/CHF had been trading in a medium-term ascending wedge since late January prior to breaching this pattern to the upside last week.
The New Zealand Dollar has broken the support of the previously drawn too narrow pattern against the Japanese Yen. However, the newly booked high level can be useful.
The USD/CHF chart does not require additional drawing, as the pair has been trading while being influenced by technical indicators and lines, which were drawn already last week.
USD/MXN is trading along the lines of a long-term descending wedge.
The bullish sentiment which started late in March has guided the AUD/CHF currency pair towards the upper boundaries of two channels circa 0.7515.