EUR/NZD managed to abandon 1.4634, the two-year low and showed some decent bullish momentum immediately after the surge had extended. The pair changed the steepness of the motion for a few times before a channel up pattern conclusively emerged and led its movements for the whole previous week. The rate opened with a bearish movement on Monday and slipped to
The Singapore Dollar continues to surge against the Japanese Yen, and a stop to the rise of the currency exchange rate is not even close. The rate is being guided in the middle of a large scale ascending channel by a medium term channel up pattern to the dominant pattern's upper trend line. Moreover, most recently there was only one
The US Dollar is surging against the Mexican Peso in an ascending channel pattern. The pattern formed as a result of the rate rebounding against the lower trend line of the large scale descending channel. Moreover, the short term pattern has broken through the previously active medium term pattern. This means that a new medium term trend is in the
EUR/CAD is trying to exit the trading range that it had been bound by for the four previous months with a step above the upper trend-line of 1.4271. The pair sketched a channel up pattern to lead the motion north and managed to hold it in power when crossing the significant level. The bounce from the upper trend-line that has
The steep surge CHF/JPY extended on the hourly chart shows little sustainability due to the extreme nature of the slope as well as the diminishing highs that have led to a rising wedge formation. The pair is currently bound inside of a very tight range and is closer to the bottom trend-line than the upper one, meaning that the pattern
The yellow metal has been trading in a descending channel pattern since the end of February. However, most recently the bullion's price reached the lower trend line of a large scale ascending channel. Although, this does not necessarily mean that a rebound is about to occur and a few weeks of gains are about to occur. The large scale channel
Although the Australian Dollar is in a descending channel pattern against the US Dollar, the currency rate has recently rebounded and set a course higher. In general, the descending channel is the result of the US Dollars surge against the rest of the currencies in the market. However, each pair has its own particularities. From a technical perspective the AUD/USD
It appears that EUR/SEK has entered a ranging phase on the daily chart and created a channel down pattern to help it reach the bottom bound of the range around 9.4189. The pair has, however, showed bullish potential with a step above the upper trend-line of the pattern and a correction, which now calls for a sharp movement north, possibly
EUR/PLN cut the ranging market in an ascending triangle pattern which might bring the pair away from half-year lows of 4.2822 and could be possibly a start to a large-scale bullish reversal. The pair has been testing the upper boundary of the pattern quite a lot, so there are mixed signals on whether the next wave south will be executed
The Greenback is also surging against the Swedish Krona. However, there is a particular detail regarding the medium term movements of the currency pair. The rates medium term pattern is a result of the rate rebounding against a Fibonacci retracement level not a lower trend line of the dominant pattern. The rate bounced off the 38.20% Fibonacci retracement level, which
The US Dollar is surging against the Norwegian Krona simultaneously in two ascending channel's, as one of the channel is a representation of the currency exchange rates rebound against the dominant pattern's lower trend line. The currency pair is set to continue the surge for the next few weeks until it reaches the upper trend line of the dominant pattern.
A senior downtrend that GBP/JPY has been interacting with for at least a year already led it south once again, confirming the trend-line once again. The pair has just entered a falling wedge pattern to build up some bullish potential and possibly launch another attack on the senior line. We expect the upper boundary of the pattern to become sticky
After tapping at all-time highs of 0.9829 early November 2016, NZD/CAD gave in to bearish pressures and slipped 5%, just to once again prove that the unexplored area is not out of reach, and that the pair might visit the 0.98 mark once again. We will look for a bullish breakout from the pattern, possibly on this wave already, setting
The Pound might soon get a pause against the US Dollar, as, in accordance with the technical situation, the currency exchange rate is about to begin a medium term surge. For now the currency pair is trading in two channel patterns, as the rate approaches the lower trend line of the dominant channel. It is most likely that the currency
The Aussie has been depreciating against the Swiss Franc in a descending channel pattern since February 21, when the currency exchange rate bounced off from the resistance put up by the upper trend line of a large scale ascending channel pattern. Most recently the currency pair hit the combined support cluster of the two pattern lower trend lines and the
HKD/JPY is in its very early stages of a channel down pattern, but already shows strong consistency with the trend-lines. What makes us favour the downtrend even more is the bearish crossover between 55 & 100 hour SMAs which might facilitate the motion as investors seek to act upon the well-known signal. While a set of levels might cause hitches
NZD/USD sketched an arguable channel which later took more of a wedge-like form and acted like one as well. The pair broke the upper trend-lines of both of the possible patterns and is now correcting the channel one, meaning that a steep northward motion should come next. The first immediate target lies at 0.7019/25 and could mess with bullish momentum
The Canadian Dollar is declining against the Swiss Franc simultaneously in three various scale descending channels. Although that fact indicates that one should short the rate, this is not the case. Most recently the currency exchange rate reached the 23.60% Fibonacci retracement level, which is located at 0.7539. The Fibonacci retracement levels on this pair have proven themselves to hinder
The common European currency recently surged against the rest of the market, as during comments made my FOMC members in the US, the Buck lost value. The surge of the Euro has spilled over into the rest of the currency pairs, against which the European currency trades against. However, against the New Zealand Dollar it seems that the move was
NZD/CHF confirmed built up bearish potential in a rising wedge formation with a break below the bottom boundary at 0.7149 to slip to 0.7081, the bottom Bollinger Band for tests of the area. The motion could be cut soon to take up a corrective motion for the sake of the broken trend-line, however, we will look for a slide in
Following an upside breakout from the falling wedge pattern that EUR/GBP had sketched on the daily chart, the pair showed strong bullish potential in an ascending channel formation. Even though a retracement from the broken trend-line should be on the menu, we will look for an uninterrupted surge, as the pair has already completely distanced itself from the previous large-scale
EUR/NOK overstepped the 8.9273 area which had bound a range since October 2016 and had been tested for an astonishing five times while experiencing a single conclusive break below. The pair has taken the form of a channel up pattern on the hourly chart and continues to sending bullish signals, even though the formation itself might give in to short-term
The Hong Kong Dollar recently rebounded against a large scale ascending channel pattern's lower trend line against the Japanese Yen. As a result the currency exchange rate has begun a short term surge. However, this pattern will not be active for long, as a medium scale pattern, which will guide the rate to the most dominant pattern's resistance line, is
After reviewing the situation on the chart for Silver, an astonishing discovery has been made. The bullion is still trading in the medium size ascending channel pattern, which was discovered on December 4 by the analytics department of Dukascopy Bank. The metal traded near the upper trend line of the ascending channel for three months until recently the commodity price