The Euro has been appreciating against the Norwegian Krone since the the middle of October. This movement has been bounded in an ascending channel.
The common European currency has been trading in an ascending channel against the Swiss Franc since early September. The exchange rate pullback from the lower boundary of the pattern at 1.1200 on September 7 and had since increased its trading range.
The US Dollar versus the Swiss Franc has been moving in an ascending channel since mid-September. The currency pair bounced off its lower boundary at 0.9550 on September 21 and followed by an upside wave.
The Russian Ruble has been depreciating against the US Dollar since the beginning of October. This movement has been bounded in an ascending channel.
The previous forecast worked, and the USD/DKK currency pair has reached the upper boundary of a long-term ascending channel located circa 6.6100.
The common European currency has depreciated massively against the British Pound. This decline began on October 31, after the currency pair hit the upper boundary of a downtrend line at 0.8937.
The British Pound has been appreciating against the Japanese Yen after the exchange rate bounced off the lower boundary of an ascending trendline at 142.77 on October 26.
The NZD/CHF currency pair has been moving in an ascending channel after the it reversed from the bottom border of a dominant descending channel pattern on September 19.
Bullish momentum has been dominating the New Zealand Dollar against the Japanese since the end of October. This sentiment began on October 26 and had since driven the currency pair towards September swing high of 75.50.
Crude oil has been depreciating against the US Dollar since the beginning of October when the pair reversed from the upper boundary of a long-term ascending channel at 76.00.
The British Pound has been depreciating against the New Zealand Dollar since the beginning of October when the currency pair reversed from the upper boundary of a long-term ascending channel circa 2.0500.
The Australian Dollar has been appreciating against the Canadian Dollar since the beginning of October. The AUD/CAD currency pair has increased its trading range by 3.08%.
Downside risks have dominated the AUD/JPY currency pair since the beginning of October. The Australian Dollar has depreciated about 4.66% against the Japanese Yen.
The BRENT.CMD/USD pair has been depreciating in an ascending channel since the pair reversed from the upper boundary of a long-term ascending channel near 86.00.
The EUR/TRY currency pair breached the falling wedge south. The rate has been trading south and reached the psychological level at 6.25.
The CAD/JPY currency pair has been trading in a descending channel pattern since the beginning of October. This channel was formed when the pair made a U-turn from the upper boundary of a long-term ascending channel at 89.00 on October 3.
The Swiss Franc has been depreciating against the Japanese Yen in a narrow descending channel since the middle of September. This gradual decline in price began when the currency pair reversed from the upper boundary of a long-term ascending channel at 117.96 on September 24.
The US Dollar has been appreciating against the Mexican Peso since the middle of October when the currency pair reversed from the lower boundary of a medium-term ascending channel near 18.75.
Downside risks prevailed in the market, thus sending the Singapore Dollar 2.60% lower against the Japanese Yen.
The single European currency has been trading in a triangle pattern against the Canadian Dollar since late September. The pair tested the upper boundary of the pattern at 1.5325 on September 27 and re-tested the bottom border at 1.4779 last week.
Downside risks have dominated the EUR/AUD currency pair since the last three weeks. This fall began after the pair tested a resistance level formed by the weekly R2 at 1.6343.
A junior descending channel pattern has guided the movement of the GBP/CAD exchange rate lower.
The British Pound has declined significantly against the Australian Dollar after the currency pair pulled back from a resistance level formed by the monthly pivot point at 1.8700.
The previous forecast worked, and the TRY/JPY currency pair continued to trade in a short-term ascending channel.