forex-forecast-eurusd-09-11-2016

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

The forecast for the EURUSD currency pair

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.

forex-forecast-eurusd-18-07-2016

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 1.10000.

An alternative is the EURUSD growth to the level of 1.11200.

Forecast for the GBPUSD currency pair

The price fall of this currency pair was more than 320 pips during Friday`s trading and GBPUSD reached the level of 1.31500

forex-forecast-gpbusd-18-07-2016

The MACD histogram is in the negative zone, above its signal line, and sends a signal to buy GBPUSD.

The stochastics oscillator is in the neutral zone, the %K line is above the %D line, which can be regarded as a weak signal to buy GBPUSD.

An alternative of today`s tradings may be the mark of 1.33300.

The second scenario could be the further reduction of the GBPUSD price to the level of 1.31000.

Forecast for the USDJPY currency pair

The «bearish» moods prevailed on the market on Friday, as a result the USDJPY price fell to the level of 104.650.

forex-forecast-usdjpy-18-07-2016

The MACD histogram joined its signal and neutral line, so there are no signals yet.
The stochastics oscillator is in the neutral zone, the %K line is slightly above the %D line and sends a weak signal to buy USDJPY.

Today we expect the fluctuations of USDJPY within 105.000-106.000.

Forecast for the USDCAD currency pair

Our Friday`s forecast was fully confirmed and the USDCAD price rose to the level 1.29875.

forex-forecast-usdcad-18-07-2016

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

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

We believe that the USDCAD price may continue to grow to the level of 1.30030 today.

An alternative can be the USDCAD price reduction to the level of 1.28750.

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