Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 07 June, 2016

The forecast for the EURUSD currency pair

This currency pair tradings were rather calm yesterday and price fluctuations were mainly within 50 pips. The maximum price was 1.13926.

форекс прогноз eurusd на 07-06-2016

The MACD histogram is in the positive zone, below its signal line, and sends a signal to sell EURUSD.

The stochastics oscillator is in the neutral zone, the %K line is above the %D line and sends a signal to buy EURUSD.

We expect today a weak growth of EURUSD to the level of 1.14100.

An alternative is the reduction of the price to the level of 1.13200.

Forecast for the GBPUSD currency pair

Our yesterday’s forecast for the GBPUSD growth was confirmed and the price reached the level of 1.44730.

Today we see that “bullish” moods prevail on the market and the price goes up.

форекс прогноз gpbusd на 07-06-2016

The MACD is in the positive zone, above its signal line, which can be regarded as a signal to buy GBPUSD.

The stochastics oscillator is in the neutral zone, the %K line is below the %D line and sends a signal to sell GBPUSD.

We expect that the level of 1.46000 may be a potential target for the GBPUSD growth today.

Forecast for the USDJPY currency pair

Yesterday’s trading day was calm for this currency pair and the price of USDJPY showed the growth for more than 100 pips.

The MACD histogram is in the positive zone, slightly above its signal line, which can be regarded as a signal to buy USDJPY.

форекс прогноз usdjpy на 07-06-2016

The stochastic oscillator is in the neutral zone, the %K line is below the %D line and sends a weak signal to sell USDJPY.

We expect today the further USDJPY price growth to the level of 108,600.

Forecast for the USDCAD currency pair

We can see in the graph that yesterday the USDCAD reduction continued and the price fell for more than 165 points.

форекс прогноз usdcad на 07-06-2016

The MACD histogram is in the negative zone, joined its signal line, so there are no certain signals yet.

The stochastic oscillator is in the neutral zone, the %K is below the %D line and sends a signal to sell USDCAD.

Important news will be released at 17:00 in Canada.

We believe that today the USDCAD price will be in the range 1.27500-1.28400.