The British Pound has rebounded to late April levels, but has sold-off in a downward sloping pennant pattern. This is a common sell-off development after a rally into a major resistance line. The pound has rallied as part of the safety bid from the EU situation. However, notice that momentum has given a sell-signal.
The euro started to rally in late July/early August as it appeared that the EU area was pulling itself together. That rally has continued. Now that euro is at the 200 day EMA. The sell-off is standard.
The weekly euro chart shows that prices have rallied to the 61.8% Fib line of the multi-year decline and then retreated -- again, another standard trading move.
The Indian market is at a six month high, The market consolidated losses in an ascending triangle formation from late May until mid-September. Now prices have moved sharply through several important resistance levels. Also note the strong underlying technical environment: the EMAs are rising, as is the MACD and CMF. The volume spike over the last few trading sessions is also encouraging.
