After reaching a new many-year high against the Turkish Lira three weeks ago, the US Dollar began depreciating in a short-term channel down.
The Euro has been appreciating against the Swiss Franc in a two-month ascending channel.
The Swiss Franc has depreciated substantially against the Japanese Yen during the past one month. This bearish movement has been stranded in a three-month descending pattern whose upper boundary was hit on April 24.
The Pound Sterling has diminished in trading range against the Swiss Franc during the past two-week, thus forming a new descending channel. The lower boundary of this pattern was tested yesterday.
Upside risks have driven the USD/DKK exchange rate for the past two weeks.
The common European currency was depreciating substantially against the Norwegian Krone for several weeks prior to reversing from the senior channel circa 9.50 mid-March and forming a new up-wave.
The Australian Dollar has been steered by a long-term descending channel against the New Zealand Dollar.
The single European currency is trading in several channels at the same time against the British Pound.
Following a reversal from the senior channel at 1.58 on April 16, the EUR/AUD exchange rate initiated a new wave up.
The British Sterling has been strengthening against the New Zealand Dollar since mid-April.
The Australian Dollar has been trading in a channel down against the Japanese Yen since January after the pair reached the upper boundary of a dominant channel. However, a new junior ascending pattern has been spotted which was formed on March 23.
The Swiss Franc has been driven by a strong downside movement against the Singapore Dollar since February 9 and thus fell by 5.69%. This bearish momentum started after the currency pair hit the upper boundary of a junior pattern.
The US Dollar has strengthened against the South African Rand since late March.
EUR/RUB shot up considerably two weeks ago when it appreciated 12.98% in the course of three trading sessions.
The New Zealand Dollar has been trading in an ascending channel against the Japanese Yen since late March. However, after the currency pair hit the upper boundary of a junior channel, the pair began to decline.
The Pound Sterling has been trading in several ascending patterns against the Japanese Yen. The most important of which is the newly drawn junior channel formed on April 22.
TRY/JPY has been appreciating in a two-week ascending channel which started when the rate reversed from the senior channel near 25.60.
The Swiss Franc continues to depreciate against the Singapore Dollar in a medium-term channel down.
The British Pound has been trading in a dominant ascending channel against the Canadian Dollar since September.
The Canadian Dollar has been moving in a junior ascending channel against the Japanese Yen. The currency pair bounced off the lower boundary on March 19 and has since surged.
The New Zealand continued to extend its gains against the Swiss Franc during the first part of April.
The Australian Dollar was driven by strong downside momentum against its Canadian counterpart for four weeks and thus fell by 4.94%.
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.