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

The forecast for the EURUSD currency pair

We see in the graph that during Friday’s tradings the EURUSD price fell by 70 pips and reached the level of 1.12500.

forex forecast eurusd 13 06 2016

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

The stochastics oscillator is in the overbought zone, the %K line joined the %D line, so there are no certain signals yet.

We assume that the price of EURUSD may rise to the level of 1.13150 today.

An alternative is the EURUSD price reduction to the level of 1.12000.

Forecast for the GBPUSD currency pair

Our Friday’s forecast for the GBPUSD price reduction was confirmed, and the price fell even to the level of 1.42500, an inferior limit was the level of 1.41800.

forex forecast gpbusd 13 06 2016

The MACD histogram is in the negative 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 joined the %D line, so there are no signals yet.

We believe that the GPBUSD price will be in 1.41400-1.42200 price range today.

Forecast for the USDJPY currency pair

Friday was marked with a flat movement of the USDJPY price. Today we see the strengthening of Japanese yen.

forex forecast usdjpy 13 06 2016

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

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

The support line may be the level of 105.550 if the USDJPY price declines further.

An alternative is the USDJPY growth to the level of 106.700.

Forecast for the USDCAD currency pair

On Friday this currency pair trading closed at 1.27730 mark, and now the price has already reached the level of 1.28000.

forex forecast usdcad 13 06 2016

The MACD histogram is in the positive zone, below its signal line, which can be regarded as a signal to sell USDCAD.

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

Today a little USDCAD growth to the level of 1.28600 is forecasted.