Forecasts by Justforex

Forex forecast on April 13 for EURUSD, GBPUSD, USDCAD, USDJPY

Yesterday’s comments by the US President failed the American currency. D. Trump said that the dollar is too “strong.” Also, Trump would prefer to keep interest rates at a low level. In the second half of the day, aggressive purchases were observed on the EUR/USD currency pair. At the moment, the key trading range is 1.06300-1.06750. We believe that the growth of the EUR/USD currency pair may continue.
Read more

Forecasts by Justforex

Forex forecast on April 12 for EURUSD, GBPUSD, USDCAD, USDJPY

Yesterday’s positive statistics on the economic sentiment indexes from ZEW supported the demand for a single currency. The key trading range is still 1.05750-1.06400. The attention is focused on geopolitical risks in the Middle East. We expect an increase in the EUR/USD currency pair.
Read more

Forecasts by Justforex

Forex forecast on April 11 for EURUSD, GBPUSD, USDCAD, USDJPY

Yesterday’s trading on EUR/USD was very calm. The currency was being traded in a rather narrow trading range. At the moment the EUR/USD quotes are testing the support level of 1.05750. The signals of the indicators vary. The MACD histogram is in the negative zone and continues to decline, indicating a bearish sentiment on EUR/USD.
Read more

Forecasts by Justforex

Forex forecast on April 10 for EURUSD, GBPUSD, USDCAD, USDJPY

On Friday, April 7, a “bearish” moods prevailed in the market. Drop in the EUR/USD quotes exceeded 0.5%. The currency found support at 1.05750. If the price consolidates below the support level of 1.05750, we recommend considering sales of EUR/USD. The potential for movement – 1.05250-1.05000.
Read more

Forecasts by Justforex

Forex forecast on April 06 for EURUSD, GBPUSD, USDCAD, USDJPY

During yesterday’s trading, the unidirectional trend was not observed. The EUR/USD currency pair was in a flat with a range of 35 points. The key trading range is 1.06500-1.07000. The attention of financial market participants is focused on tomorrow’s report on the labor market in the US.
Read more

forecasts-justforex

Forex forecast on April 04 for EURUSD, GBPUSD, USDCAD, USDJPY

Yesterday, the euro did not change significantly. The currency was in a rather narrow trading range. At the moment EUR/USD is testing the support level of 1.06500. We expect “bearish” sentiment on the EUR/USD currency pair. We recommend selling if the price consolidates below the support level of 1.06500. The movement is potentially tending to 1.06100-1.06000.
Read more

Forecasts by Justforex

Forex forecast on April 03 for EURUSD, GBPUSD, USDCAD, USDJPY

Last week, bearish sentiment prevailed on EUR/USD. The euro lost more than 150 points in price. At the moment, the technical pattern is ambiguous. The key trading range is 1.06500-1.07000. We expect statistics from the EU and the US. If the statistics from the EU is positive, a correction movement on EUR/USD may develop to the 1.07000-1.07250 mark. Alternatively, the EUR/USD quotations may further fall to around 1.06250-1.06000.
Read more