AccentForex Market Analytics

USD/CHF Technical Analysis

The USD/CHF currency pair continues to trade in a downward channel. An attempt may be made to test the level of 0.97 and continue the pair decline below the level of 0.95.
In favor of falling pair quotations is a rebound from the trend line on the RSI indicator. Cancellation of the fall option will be a breakdown and fixing the price above the level of 0.97. In this case one should expect the pair continue growing.

USD/JPY Technical Analysis

USD / JPY continues to move within the scope of growth.
An attempt is made to correct the level of the lower border near the area of 113.70, where one should expect the continuation of the USD/JPY growth again. In favor of the pair rebound will perform a test of the support line on the RSI indicator.
Canceling the option of continuing the pair growth will be a falling and breakdown of the area of 112.70. It will indicate the pair continue to decline.

USD/CHF Technical Analysis

The USD/CHF currency pair continues to trade in the downward channel and located in the decline development. There is likely an attempt to reduce to the area of 0.9550, from which it is expected to rebound and the growth of quotations in the area of 0.98.Cancellation of the growth option will be a breakdown and consolidation below the area of 0.9440.

NZD/USD Technical Analysis

Quotations of NZD/USD currency pair continue to be traded near the resistance area. It is likely that quotations of the pair will rebound and fall below the level of 0.7260 upto 0.72.
In favor of the fall is the formation of the bearish wave model of Wulf, as well as the resistance area test on the RSI indicator.
The cancellation of the fall option will be the rise of the price above the level of 0.7390, which will indicate the continued growth.

GBP/USD Technical Analysis

GBP/USD currency pair continues to trade within the rising channel. At this point, one should expect a rebound and a quotations drop in the area below the level of 1.30.
There is an upper channel test in favor of the drop, as well as the trend line test on the RSI indicator. Cancellation of the lowering option of the pair quotations will be a breakdown at the level of 1.33, which indicates the continued growth.
Among the important news from England, which may have an impact on the GBP/USD rate, it is worth noting:

1. The decision on the Bank of England's principal interest rate;
2. the Summary of Monetary Policy;
3. the Bank of England's Inflation Report.

GBP/USD Technical Analysis

The pair continues to push off from the upper border of the channel. It is possible to continue falling into the area of the level of 1.26.
In favor of falling GBP/USD quotations is the test of the support level on the indicator RSI, as well as the formation of the model "Wedge" on 1H time frame.
The cancellation of the fall of GBP/USD pair is the break-through of the 1.3444 area, which will indicate the continued growth of the pair.

NZD/USD Technical Analysis

Against the correction backdrop of the NZD/USD currency pair upward trend, the reversal pattern "Double Peak" is formed.
Probable testing of the projection of the figure coincides with 61.8% Fibo in the level of 0.71. Where can we expect the rebound and the resumption of the upward movement above the level of 0.75.
Cancellation of the signal will be the growth and fixing of the price above the level of 0.73.

USD/CHF Technical Analysis

USD/CHF currency pair continues to move as the formation part of the technical figure "Triangle". At the moment, the test of the lower boundary of the model near the level of 0.96 is probable and the further continuation of the growth above the level of 0.97.
In favor of the pair growth will perform a test of the support line on the RSI indicator. The cancellation of USD/CHF pair growth option will result in a fall and breakdown of the area of 0.9580, which will indicate that the pair will continue to decline.

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GBP/USD Technical Analysis

GBP/USD currency pair continues to move within the descending channel. At the moment, the price broke through the correction level of 61.8% in the area of 1.2840 on the Fibo grid and it is consolidated under it. It gives grounds to assume a further drop in quotes of the British currency down to 1.26 and lower. In favor of the pair's fall, there is also a rebound from the resistance level on the RSI indicator.
Canceling the option of reducing the pair will be strong growth and breakdown at 1.30, which will indicate the price outflow for the downlink limit.

EUR/USD Technical Analysis

EUR/USD currency pair continues to trade within the upward momentum. At the moment, one should expect consolidation of quotations in the level of 1.1915 and an attempt to increase to the level of 1.2170.
In favor of growth there is the breakdown of the resistance line on the RSI indicator. Cancellation of EUR/USD growth option will be a breakthrough at level 1.1660, which will indicate the pair's exit from the rising channel.

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GBP/USD Technical Analysis

GBP/USD currency pair continues to move in the fall. At the moment, a rebound is likely and the growth of quotations continues into the area above the level of 1.30. Where again one should expect a rebound and a fall in the pair's quotes with a potential target near the level of 1.29, as part of the start-up of the bearish wave model of Wulf. In favor of the growth of the pair is the test of the rising trend line on the indicator RSI.
The cancellation of the pair's decline will be strong growth and breakdown at 1.31, which will indicate the continuation of the upward movement.

USD/CHF Technical Analysis

USD/CHF currency pair is moving along the downward trend. At this time, an attempt is made to correct the pair in the region of the upper boundary of the descending channel near the level of 0.97. Whence again it is necessary to expect falling of quotations in area below a level 0.94.
In favor of the drop, a resistance line test will be performed on the RSI indicator. The cancellation of the fall option will result in a strong growth and breakdown of the level of 0.99, which will indicate continued growth of the pair and the outflow of quotes beyond the downward channel.

EUR/USD Technical Analysis

EUR/USD currency pair continues to trade within the rising channel. At the moment, one should expect an attempt to fall into the region of the channel's lower border near the level of 1.1830. From there, one should expect to continue the growth of EUR/USD quotations for the purpose above the level of 1.1970.
In favor of reducing the pair is the resistance line test on the RSI indicator. The cancellation of the falling quotations variant will be a strong growth and breakdown at the level of 1.21, which will indicate the continuation of the pair growth with a potential target above 1.2150. The acceleration the pair fall is expected with the breakdown of the lower rising channel's boundary and the closing below the area of 1.1650, which indicates the completion of the growth of the pair.

USD/JPY Technical Analysis

USD/JPY currency pair is currently trading in the area of 110. This level coincides with 200 MA and may be the upper boundary of the emerging downstream channel. It is worth expecting a rebound from the current levels in favor of resuming the downward movement with a target near the level of 107. The cancellation of the USD/JPY fall will be strong growth and breakdown of the area of 110.70, which will indicate the continued growth of the pair.

NZD/USD Technical Analysis

At the moment, the pair is in the process of working out the rising model of the Wolf wave. It is expected to continue the growth of quotations above the level of 0.7340. In favor of the pair growth will perform a test of the support line on the RSI indicator. The cancellation of the quotations growth will be the fall and breakdown of the area of 0.7050, which will indicate the continuation of the decline below the area of 0.6950.

USD/JPY Technical Analysis

USD/JPY currency pair continues to move within the descending channel. It is worth waiting for the test of the channel's upper border near the level of 112.50. Then is further continuation of the fall in the area below the level of 107.
In favor of the pair's rebound, a resistance line test will be performed on the RSI indicator. The cancellation of USD/JPY decline in the current trading week will be strong growth and breakdown of the level of 113.50, which will indicate the continued growth of the pair.
Among the important news from Japan, which may have an impact on the rate of USD/JPY, it is worth highlighting:

1. The decision on the interest rate of the Bank of Japan
2. Commentary on monetary policy