The Greenback is surging against the Japanese Yen in a medium term ascending channel. In the meantime, the pair is also in a large scale descending channel. Most recently the currency exchange rate rebounded against the upper trend line of the medium term channel, and it failed to find support in the strong levels of significance below it. A rebound
The common European currency is simultaneously trading in two descending channel patterns against the Australian Dollar. The currency exchange rate has set its course to the 2015 low level of 1.3667. At that level it is possible that the rate will find strong enough support level to begin a medium term ascend. However, before that occurs, the currency pair is
The US Dollar lost loads of value, 34% to be precise, to the Russian Rouble in 2016 and might be targeting the May 2015 low at 49.18 and could reach it sometime until mid 2017. The pair managed to sketch a channel down pattern on the hourly chart, but a boost in volatility led to breaks of the pattern from
USD/DKK tapped at 14-year highs in December 2016, but then went on to post a downfall which was somewhat reversed in a channel up pattern. The pair might be attempting a head and shoulders formation on the daily chart with a shoulder at 7.0567 – and current developments speak in favour of such a scenario due to the broken channel
The Hong Kong Dollar is in an ascending short term channel against the Japanese Yen. The channel formed as a result of a rebound against a large scale channel's lower trend line. Afterwards, the pair managed to break the previously active medium term channel. Most recently, the rate passed the last notable resistance at 14.75, where the 200-period SMA is
Recently the US Dollar formed an ascending channel against the Chinese Yuan. The reason for the formation of the pattern was the pairs rebound against a massive scale pattern's lower trend line. On a massive, one year scale the currency exchange rate is in a triangle pattern. The reason for the formation of the pattern might be the currency manipulations,
USD/PLN put an end to the month-long downfall by setting a ground at 3.9810 where it began to sketch an ascending channel pattern. The pair had attempted to exit the pattern at the very beginning to create a steeper motion north, but was unsuccessful and returned inside the bounds of the formation. The breakout, however, served as a starting point
USD/ZAR managed to underperform to an unexpected extent as it broke the channel down pattern that it had been following for the last few days. The pair sketched a large-scale retracement and even re-entered the pattern while executing it, but still managed to distance itself from the broken bottom boundary. We will look for an extended dip due to two
Silver recently broke out of a large scale descending channel pattern. The break of the large scale and now defunct pattern occurred in a new long term ascending channel pattern, in which the metal's price has been fluctuating since December 15. Most recently the currency exchange rate reached the upper trend line of the long term pattern, while moving
The Turkish Lira is simultaneously trading in two ascending channels against the Japanese Yen. However, most recently the currency exchange rate reached the upper trend line of the dominant channel. That fact hints at a possible short term change of the direction, as the medium term ascending channel, which guided the rate from the long term pattern's lower trend line
NZD/USD soared to half-year highs just to slip again and sketch a falling wedge formation. The pattern suggests a bullish breakout, most likely after an additional wave down. The initiated down wave is now facilitated by both SMA pressures and a strong resistance cluster just above, but the monthly Pivot Point has been providing some ground at 0.7177 which will
While bullish pressures are stemming from the ascending triangle form that SGD/JPY has undertaken during its consolidation phase, there are several factors that bring doubt to the uptrend. A senior channel down has been guiding the pair's movements for about two months already and is now supposed to send the rate packing from the 80.06 area where the upper boundary
The common European currency is trading in a descending channel against the Hong Kong Dollar. However, the medium term descending channel is about to become obsolete, as on a larger scale the currency exchange rate trades in an ascending channel pattern. The rate has already reached the lower trend line of the dominant channel. Mainly due to this fact a
The US Dollar is trading in a descending triangle pattern against the Turkish Lira, as the currency exchange rate is very close to a breakout. The lower trend line, is very strong, as it is also supported by the 23.60% Fibonacci retracement level, which is located at 3.6722. The retracement levels for this pair are measured by connecting the 2017
CAD/CHF is giving out mixed signals on different time-frames, showing bullish momentum on the hourly chart, but sketching a senior channel down on the four-hour chart. The pair has just touched the upper trend-line of the senior pattern and now suggests that the junior bullish formation is likely to break, most likely immediately at 0.7663. A step below the area
Two overlapping patterns are guiding the motion in EUR/CHF and each of them gives out completely different signals. A falling wedge suggests that an upward breakout will take place and extend the rally into areas significantly above, while the Channel down provides bearish momentum and suggests that the weakness will persist. The pair has initiated an upwave which will most
AUD/CHF has been extending a flattish but volatile upward motion for the last half year or so, but has now exited the trading range to potentially form a new, steeper slope for the bullish motion and has sketched an ascending channel on the hourly chart. After testing the upper trend-line and failing, the pair is now on its way towards
The US Dollar trades simultaneously in two patterns against the Singapore Dollar. On a large scale the currency exchange rate is moving lower in a descending channel pattern. Recently the currency pair reached the lower trend line of the descending channel. As a result of the following rebound, a channel up pattern formed, which has almost finished its existence, because
The Aussie recently broke out of a large scale descending channel pattern against the New Zealand Dollar. As a result, an ascending channel pattern has formed, which is likely to dictate the currency pair's moves in the near future. It is most likely that the ascending channel will set the direction of the Australian Dollar against the Kiwi until the
AUD/CHF has been fluctuating on a somewhat ranging note on the large scale since mid-2016, but still managed to keep risks mainly on the upside while attempting highs at 0.7617 and 0.7645 once in a while. The pair has just made a bold move and stepped above the previous high of 0.7645, but could soon give in to bearish pressures
AUD/SGD continued to attack levels unclaimed for two years already and currently shows no signs of weakness in a flattish channel up pattern. There is little to stick onto besides the pattern due to the unexplored nature of the area, meaning that the pair is most likely to now go on to a down-wave after giving in to the upper
The common European currency is declining against the New Zealand Dollar in a medium term descending channel. Most recently the currency exchange rate surged after reaching the combined support of the medium term channel's lower trend line and the lower trend line of a massive descending channel pattern. The surge was stopped by the medium term channel's upper trend line
The US Dollar is losing ground against the Mexican Peso in medium and long term descending channels, as the currency exchange rate trades near the 20.50 mark. In the meantime, on a smaller scale the currency pair is in an ascending short term channel, which represents the rates movement from a combined support of the medium and long term channel
CHF/JPY continued to move away from the ten-month highs of 115.22 which it had tested for several times and failed, but seems to be having trouble to slip below 112.23 where it has sketched a double bottom on the hourly chart. The significance of the area is boosted by the fact that the area has been tested before on the