AccentForex Market Analytics

USD \ CHF currency is still under pressure, and for the moment tests minimums area. On the may 12th is around chf0.9665 and if it wont stand so next aims will be chf0.9640 and chf0.9553 levels (correction levels are 61.8% and 78.6% accordingly to May growth). The main support is minimum zone chf0.9444 from May the 3rd. Current decrease is considered as aggressive correction. Though the breakthrough up to chf0.9850 is needed for the growth resumption. After that situation will be conditions for recently maximums around chf0.9956.

Analysis NZD / USD follows.
1. Grid Fibonacci support level is clearly indicated that the last triggered reduction (0.69631).
2. Stochastic oscillator has been below 20 /. Oversold market was fixed at (0.69631). Price is in the middle region, and waits for further movement. This may move up to test 0.71474, as well as future trends to oversold below 0.69631 to 0.69110.
3. trend movement is directed upwards. This trend phase - correction downward movement after touching the upper limit of the threshold price trend 0.71474.
4. Trading for sale can only on reaching and breakout 0.69110.
Trading to buy can only when you reach the bottom of the trend 0.66650 border.

AUD/USD. The price of AUD/USD almost reached the level of 0.74000.
1. We can see the movement according to the downward trend, which can be built on MN. In the short term the price of D1 is in the middle region of the downtrend.
2. D1 there are two trends. More senior downtrend began to exist after the end of the pulse up. Fibonacci is built on this impulse.
3. Downward trend of 0.78364 maintained to a level of 32.8 Fibo 0.72160. After that started to form an upward trend to 61.8 (0.74591)
4. Further development of an upward trend will lead to a breakthrough and a breach of the downtrend from 0.78364. At the same time, a further objective will be the resistance level of 0.78364.
5. Continuing the downward trend will lead to a movement according to the trend. The next goal will be the 23.6 Fib (0.70640), and after – 0.68355.
6. Stochastic shows the position in the middle of the field.

EUR / JPY.
1. The euro and the yen right now continues to move in the band of the downtrend.
2. JPY can be priced at 118,470 euros. This price is close to the level of 61.8 (118.800). At the same time, the price is in the middle area of the correctional of the rising trend, and has gone beyond the downward movement along the trend line from 124,121 to 115.456 (on this movement stretched the Fibonacci grid).
3. Probably the movement according to an upward correction in a downtrend at least 50 Fibonacci.
4. If the level of 61.8 will provide strong resistance, the price will return to the downward trend of 124,121, and will test the level of 115,456
5. Position level Stochastic indicates that the price is in the middle line between the levels of 20 and 80 for the Stochastic. It should be noted that on the level of 61.8 was awarded oversold last time. Therefore, it is very likely that it will provide strong resistance.

Analysis of Gold

1. D1 shows that now, GOLD moving in expanding triangle. The divergent forms the third wave of correction.
2. On the H4 can be seen that the price made a new high of the triangle and the beginning of a downward movement. At the same time, the upward trend (from 1315.33) can be considered complete. It began a downward trend.
3. In an uptrend, which was completed (of 1315.33) built Fibonacci grid.
4. Now the price is below the level of 61.8, this level is the average area of the downtrend (from 1315.33)
5. Possibly further testing 61.8 Fibonacci resistance in the range between 50 and 61.8.
6. Stochastic H4 showed the price level is below 20, indicating oversold market. Stochastic gives a buy signal. This can be confirmed as the output of correcting with pulse outside of the triangle.
7. D1 Stochastic showed that the price in the area, close to the level of 20. It is likely that the level of 20 Stochastic, will soon be reached. This will mean that the market will be oversold, ie a buy signal.

GBP / JPY

1. The effect of GBP on a pair GBP / JPY led to continued fall within the downtrend.
2. Immediate objectives are to fall 126,228 and Fibonacci level of 161.8 (116.980)
3. The price is in the upper zone, the downtrend correction.
4. forms correctional movement followed by it is expected a further impulse.
5. If the price goes up, the level of 61.8 is reached as before. If the pulse is falling, the first goal - is 126,228
6. Stochastic showed the market oversold, giving a buy signal.
7. Perhaps the formation of waves of consolidation between 61.8 and 100

Analysis NZD / USD follows.

For H4 Fibonacci built for impulse (0.66653 - 0.71478)
1. Over the last 2 weeks 3 level touch was recorded (0.69631) 61.8 Fibonacci.
2. Once there was a false break of the uptrend in the top border and thus, the price has gone beyond the level (0.71474) 100 Fibonacci.
3. At the same time, now the price has returned to the scope of the trend, and continues to move between levels 100 and 61.8.
4. Probably the movement along the top border of the trend will lead to a breakdown of the uptrend. In this case can be considered as the first purpose of the buying - the level of 161.8 (0.76705). Fibonacci was built according to the impulse (0.66653 - 0.72914).
5. If the price will fall and start a correction downward movement to the upward trend, the first target can be considered a level of 0.69109 (50 Fibonacci). After that - the lower boundary of the uptrend.
6. Stochastic shows oversold - is a signal to sell.

AUD/USD

1. The price moves for the upstream channel from the level of 50 Fibonacci of the uptrend from 0.71500.
2. The level of 61.8 broken and the price is in the middle line, of the uptrend.
3. At the same time, the level of 61.8, gets support properties, and now we can expect a retest of the level of 0.74500
4. Scenario reaching the upper limit of the uptrend remains open. Perhaps re-achievement level of 0.76500.
5. If further movement is down, it is likely to be the breakdown of the uptrend. In this case, we can talk about what is going on according to the movement of the downward trend, which can be built on W1
6. Stochastic shows overbought, which could be a signal to sell.

Forecast AUD / USD

1. The current downward movement due to the correction in the uptrend.
2. At the same time, the price touched the lower border of this trend.
3. In this case, it is clear that if the price will grow, it will probably be the next test level 0.76513
4. If you build an older upward trend, we can see that the price at the top area. That is, after reaching 0.76513 will likely decline to the lower border of the trend, as the correction.
5. At the same time, Stochastic shows oversold long, which can serve as a signal to sell.

Analysis GBP/JPY follows.

1. According to the results of the last 3 weeks, was broken Fibonacci level of 0.0 and then to reach the level of 23.6 Fibonacci.
2. The level of 23.6 has been overcome and the price rose to 143,371.
3. As long as that is the maximum achievable level after Brexit fall. Now the price has stopped at Fibonacci 23.6. This level can be considered the middle line of the downtrend.
4. The possible rise in the price, as the correction of the downtrend to levels 50 and 61.8
5. If the price will continue falling trend, it is likely that the level of 0.0 is reached and may even be broken up to support a rebound past 129,904
6. Stochastic shows oversold levels closer to. What is a buy signal.

EUR/JPY forecast

1. The price is around 50 Fibonacci level. Further movement will be determined by exposure to this level.
2. The level of 61.8 had an impact when tested and the price rebounded from it, being in the region of 50.
3. Probably the further testing of 61.8 At the same time, the level 50 will be the level of support, will prevent the reduction of prices.
4. Alternatively, if the price will continue to grow, it will achieve a level of 38.2, and possibly the level of 23.6. At the same time, the highest point is reached after Brexit.
5. Stochastic shows oversold small, which indicates that in the short-term price growth is possible, but after that, followed by a much larger fall.

Forecast for USD/JPY, January 2017

Among the important events in January 2017, which may have an impact on the dollar value to the Japanese yen should be marked: 10-year bonds sale, as well as the 30-year bonds sale.
USD/JPY currency pair continues to move within the framework of a strong bullish trend. The nearest resistance area is the 121 area.
The breakthrough of 123 area will mean the cancel of falling the USD/JPY quotes, that points to continued growth and a local maximum testing.
So, the forecast on USD/JPY in January 2017 suggests an attempt to continue its growth with testing 121 area, where we can expect an attempt of development a complete correction.

AUD/USD before CPI release

On January 25 at 2:30 AM and 11:45 PM GMT the data on Australian's and New Zealand's consumer price inflation for the fourth quarter will be released. The data can become a driver for momentum and give the direction for the currency pair. If data be released according to the forecast or worse, it is likely to exert pressure on Australian currency.
AUD/USD pair has begun the growth since the beginning of January after testing support level at 0.7150 as a result of rebound in commodity prices and decreasing of dollar.
Since the beginning of 2017 AUD/USD pair shows a strong bullish momentum.
Resistance in the form of SMA (200) at the level of 0.7500 has been broken on January 17 due to decreasing of dollar by Trump's comments.
The uptrend persists. The medium-term resistance level is at 0.7600.
Stochastic Oscillator is at the level of 80, indicating overbought.
Resistance levels: 0.7600; 0.7650; 0.7700.
Support levels: 0.7550; 0.7530; 0.7500.

EUR/USD mid-Term Review for 2017

Fundamental factors.
The first in this year FED meeting has clarified less than was expected before. The interest rate as it was expected, maintained the target range of 0,50-0,75% per annum. The FED chief Janet Yellen has not given the market any signal with respect to time the rate increase. Against this background, the average market expectations have worsened: if before the meeting about 20% of investors and economists were waiting for rate revision in March, now the figure is no more than 17%.
Obviously, in addition to careful market inflation and employment monitoring, the FED will concentrate on the activity analysis of the new US administration. Steps taken by politicians will be measured in terms of economic risks over the coming months.

Technical analysis.
On Daily chart of EUR/USD pair the price is located at the upper border of a long-term downtrend channel (marked in blue), practicing the upward corrective movement from month lows 1.0350 zone.
The nearest resistance level is 1.0820 areas (50% Fibonacci grid 1.1300 - 1.0350).
Also, the level of 1.0820 coincides with the target projection from breaking the line connecting the vertices fractals 1.1300 (09.11.2016) and 1.0870 (12/08/2016) (marked in orange). It gives reason to suppose about the possible end of the upward corrective movement at these levels.
Break of 1.0820 opens the way to 1.0930 (61.8% Fibonacci grid 1.1300 - 1.0350). If the pair manages to consolidate above these levels area, there may be working out projection of breaking the upper limit of the long-term downtrend channel (marked in dark blue) until 1.1420 (highs in June 2016).
An important intermediate resistance levels are areas: 1.1130 and 1.1300.
Near term support is at 1.0700 (38.2% Fibonacci grid 1.1300 - 1.0350). Its breakout would pave the way for the pair to decrease the level of 1.0630 and further to 1.0570.
Key support: 1.0350 (minimums in December 2016).

EUR / USD technical analysis for the 4H time frame

On the graph we can see that the upward movement has found resistance at 1.0828, the price of which turned toward the global downward trend, breaking with the lower boundary of rising channel (marked in red).
For the last day the price has been adjusted to the zone 1.0710 (38.2% Fib grid 1.0820-1.0640), (38.2% Fib grid 1.1300 - 1.0350) and resumed the downward movement. If the next bullish attempt to break through this resistance will be successful, it is quite probable that the price will reach the level of 1.0730 (50% Fibo grid 1.0820-1.0640). Behind this resistance should be the level of 1.0750 (61.8% Fib at 1.0820-1.0640 grid). And the key resistance is at the level of 1.0820 (high 02.02.2017).
The next key support is at the level of 1.0640 (low 08.02.2017). Its passage opens the way for bear up to 1.0350 with intermediate support in the areas of 1.0620, 1.0590, 1.0570, 1.0450.

GBP/USD technical analysis for the 4H time frame

The chart shows that the pair is in a correction after the upward movement.
After it have found support at the 50% level (Fib 1.2000- 1.2700) in the area of 1.2350.
The triangle (marked in blue) is formed from the intersection of older uplink line and minor descending channel, in which the price is consolidating at the moment.
Focusing on a triangle projection mining in one or the other side, as well as channels formed on the line, it is possible to define the following targets:
In case of triangle breakdown up:

1. 1.2670
2. 1.2700
3. 1.2760 (key goal)

In case of triangle breakdown down:

1. 1.2350
2. 1.2260(70) (key goal)
3. 1.2120
4. 1.2000

GBP/USD Technical analysis

It seems that the pound ceased correction, finding support at the level of 50% (Fibonacci 1.2000- 1.2700) in the area of 1.2350. And then resumed growth after the publication of a report on UK GDP. Index in the fourth quarter showed the growth of 0.7% against the predicted value of 0.6%. Export has increased sharply by 4.1%, while expected to increase by 2.0%. However, concerns about Brexit still high and this is reflected in decreasing of business investment volume and a slowdown of activity in the services sector, which is key to the UK.
Triangle chart into 4-hour time frame was not fulfilled; it is worth to focus on the main external and internal intermediate borders formed by the ascending channel.

Resistance Levels:

1. 1.2670
2. 1.2700
3. 1.2760

Support Levels:

1. 1.2530
2. 1.2480
3. 1.2430
4. 1.2350

GBP/USD Mid-term analysis

The pound sterling is still remained under pressure. The upper house of the British Parliament did not dance to the tune of Theresa May, that increased the uncertainty level from Brexit. Strong statistics on US employment in the private sector allowed the bears to GBP/USD pair to be considered below the 1.22 mark.
A strong dollar will also contribute to the British currency sale in the medium term. The pound clearly loses the dollar in terms of divergence in the monetary policy of regulators and in terms of the prospects for economic growth. Strong statistics on employment in the private sector of the US has inflated the probability of an increase in the rate for federal funds in March to 90%.
On the 1D chart, the pair is in the downward channel, which boundaries are the main reference points for determining support and resistance.
At the same time, another "triangle" has formed, and it has all the chances for working off.
From current prices or after reaching the lower limit of the triangle in the region of 1.2000, correction to MA100 is possible. By that time it can coincide with the upper boundary of the triangle in the region of 1.2370.

USD/CAD Analysis

The pair continues to move within the upward trend, quotes are repelled from the support area in the form of an uptrend on the RSI indicator. Apparently, the price tends to develop symmetry with potential growth above the level of 1.3550.
The scenario reversal of the upward trend in the pair will be the fall and breakdown of the lower boundary of the rising channel with the closure below the area of 1.3350.
Important news from Canada, which may have a direct impact on the USD/CAD rate is not expected. Therefore, the pair, most likely, will continue to move within the current technical factors.

USD/CAD Analysis

USD/CAD pair went into the development of correction, but at the moment the pair quotes are testing the area of the lower boundary of the rising channel. It is worth to expect attempting to rebound and continuing the growth of the pair within the symmetry development with a potential growth target above the level of 1.3550.
In favor of growth is the support area test on the RSI indicator. The cancellation of the option will be a breakdown of the area of 1.3250, which will indicate the continuation of the decline to the level of 1.3100.
Among the important news from Canada, which can have a strong impact on Canadian dollar, it is worth highlighting the changes in the production supplies volume.
Thus, the pair assumes attempting to rebound from the lower boundary of the ascending channel and continuing growth to the area above the level of 1.3500.
Cancellation will be a breakdown of the lower boundary of the ascending channel.