The Swiss Franc has begun to depreciate against the Japanese Yen after the currency pair tested the upper boundary of a dominant ascending channel on May 22.
Following a reversal from the upper boundary of a dominant descending channel on May 22, the Canadian Dollar began a new move in a channel down against the Japanese Yen.
USD/SEK has been guided by two opposing channels.
The Sterling began depreciating against the Swiss Franc after reaching a two-year high of 1.3850 mid-April.
The price movement of the GBP/CAD exchange rate has been guided by two lines descending channels for the last two months. This decline has led the Pound Sterling to a five-month low.
The GBP/AUD currency pair has been constrained by a long-term pattern. The most recent channel was formed in the middle of May, and it has driven the rate lower in between the line of a dominant pattern.
The common European currency has been strengthening against the Turkish Lira for a long period of time.
The four-hour chart reveals that the Sterling has been trading sideways against the New Zealand Dollar since mid-October, 2017.
Previously it was noted that the EUR/CAD currency pair reached the lower trend line of a dominant descending pattern. The rate attempted to pass the support of the pattern three times, as observed on the four hour chart.
The previous review of the EUR/AUD currency exchange rate concentrated on the fact that the currency pair passed the lower trend line of a dominant ascending pattern. However, this time we are focusing on the medium and junior time frames.
The dominant pattern which as constrained the CHF/SGD exchange rate for the last three years is a descending channel.
The Euro has been guided by several patterns against the Sterling during the past few weeks.
The USD/TRY pair has been mostly affected by the fundamentally economical, damaging reforms of the Turkish government. Moreover,
The US Dollar has been declining against the Swiss Franc in May. The decline began after the currency exchange rate met with the upper trend line of a dominant ascending channel up.
The EUR/NOK exchange rate has been constrained by a descending triangle which was formed in November, 2017.
Starting from mid-April, the common European currency remained stable against the Swiss Franc for several weeks.
The USD/RUB pair has been more following simple channel trend lines than pivot points SMAs or Fibonacci retracement levels.
The last review of the Swiss Franc against the Japanese Yen pair concentrated on the fact that the pair had reached a dominant resistance line just above the 110.50 mark.
The price movement of USD/CNH during the past few weeks demonstrates a medium-term consolidation, meaning that the US Dollar has failed to move above the 6.3833 level, while support has been provided by an upward-sloping trend-line.
CAD/CHF has been trading in a triangle-like formation since early May.
The common European currency movement against the Canadian Dollar has been guided by two months descending channel. The currency pair reversed from the upper boundary of a senior channel on March 20 and has since reached a five-month low level at 1.55.
The price movement of the EUR/AUD currency pair has been steered by a junior descending channel. The exchange rate has breached the lower boundary of a dominant ascending pattern on May 21 and this could indicate a long-term decline for the pair.
Following a one-month period of consolidation from February to April, the USD/SGD exchange rate gathered momentum mid-April and shot up until 1.35 where it was located at the time of this analysis.
The New Zealand Dollar has been weakening against the Swiss Franc in a steep channel down.