Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 20 July, 2016

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The US currency showed a significant strengthening yesterday and the price has dropped to the level of 1.10000. Today the EURUSD pair continues to fall. Important news on crude oil reserves are expected today at 17:30 (GMT +2: 00) in the USA. The purpose of today’s trading can be the mark of 1.09700, and in case of positive news release from the US, the price of EURUSD could reach…Read more

Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 19 July, 2016

forex-forecast-eurusd-09-11-2016

The mark of 1.10380 was the resistance level for EURUSD yesterday and the price went up. At 12:00 (GMT +2:00) the important news from Germany will be released, and at 15:30 the release of the data on the number of building permits in the USA is expected. We expect today that the price of EURUSD could rise to the level of…Read more

Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 18 July, 2016

forex-forecast-eurusd-09-11-2016

As expected, the strengthening of the US currency happened on Friday and the EURUSD price fell more than 120 pips to the level of 1.10250. The MACD histogram is in the negative zone, above its signal line, and sends a signal to buy EURUSD. The stochastics oscillator is in the neutral zone, the %K line is below the %D line and sends a signal to sell EURUSD. Today, we expect a slight reduction of the EURUSD price to the level…Read more

Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 13 July, 2016

forex-forecast-eurusd-09-11-2016

During yesterday’s trading session the currency pair of EURUSD rose to the level of 1.11260, and then there was a price drop to the level of 1.10600. At 17:30 (GMT +2: 00) the important news release is expected in the United States. In case of negative news release the price of EURUSD could rise to the level of…Read more