forex-forecast-eurusd-09-11-2016

Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 19 July, 2016

The forecast for the EURUSD currency pair

The mark of 1.10380 was the resistance level for EURUSD yesterday and the price went up.

forex-forecast-eurusd-18-07-2016

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

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

At 12:00 (GMT +2:00) the important news from Germany will be released, and at 15:30 the release of the data on the number of building permits in the USA is expected.

We expect today that the price of EURUSD could rise to the level of 1.11000 in case of positive news from the Eurozone.

An alternative is the dollar strengthening and the EURUSD price reduction to the level of 1.10300.

The forecast for the GBPUSD currency pair

The price of the GBPUSD showed a slow growth yesterday and reached the level of 1.33145.

forex-forecast-gpbusd-18-07-2016

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

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

Today at 11:30 the positive news were released in the UK, but the significant growth of GBPUSD isn`t observed yet.

We expect that the GBPUSD price could drop to the level of 1.31300.

The possible variant can be the GBPUSD growth to the level of 1.33100.

The forecast for the USDJPY currency pair

As expected, there were no sharp jumps of the USDJPY price, it ranged between 80 pips and «bulls» prevailed on the market.

forex-forecast-usdjpy-18-07-2016

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

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

Today we expect the USDJPY growth to the level of 106.600.

The forecast for the USDCAD currency pair

Our forecast for growth of USDCAD was confirmed and the price rose to the level of 1.30200 yesterday, but came back quickly to the 1.29400 mark.

forex-forecast-usdcad-18-07-2016

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

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

A possible variant for today is the growth of USDCAD to the level of 1.30800 in case of positive news from the USA.

An alternative can be reduction of the USDCAD price to the level of 1.29500.

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

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