Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 14 June, 2016

The Forex forecast for the EURUSD currency pair

The price of the EURUSD currency pair showed an increase yesterday and reached the level of 1.13000, and then it didn’t manage to overcome this mark. Today, we see a slight strengthening of the US currency.

forex forecast eurusd 14 06 2016

The MACD histogram is still in the positive zone, but touched the zero line, what may lead to a transfer to the negative zone, below its signal line, indicating a signal to sell EURUSD.

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

A lot of important news concerning retail sales will be released today at 15:30 (GMT +2: 00) in the USA.

We expect that the price of EURUSD may reduce to the level of 1.12000.

The alternative is the EURUSD price growth to the level of 1.13000 and above in case of negative news release.

Forecast for the GBPUSD currency pair

The second half of yesterday’s tradings was mainly under the influence of “bullish” moods and the price of GBPUSD rose to the level of 1.43200.

forex forecast gpbusd 14 06 2016

Today we observe an opposite situation and the GBPUSD price is falling.

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

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

Data on the level of UK inflation will be released today at 11:30.

We believe that the negative news release can reduce the GBPUSD price to the level of 1.41000.

Otherwise GBPUSD may reach the level of 1.43200 again.

Forecast for the USDJPY currency pair

In the graph we see that the most active tradings of this currency pair were in the range of 105.800-106.580 yesterday.

forex forecast usdjpy 14 06 2016

The MACD histogram is in the negative 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.

We expect today the USDJPY price will increase to the level of 106,800 while positive news releasing in the USA.

An alternative is a breakdown below the level of 105.000.

Forecast for the USDCAD currency pair

Our yesterday’s forecast for the USDCAD growth was confirmed and the pair reached the level of 1.28400.

forex forecast usdcad 14 06 2016

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

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

Today we expect the further USDCAD growth to the level of 1.29000.

The second variant is the USDCAD price reduction to the level of 1.27500.