Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 22 June, 2016

The forecast for the EURUSD currency pair

During yesterday’s trading the US currency strengthened and the EURUSD price fell for more than 100 pips to the level of 1.12500.

Today, we are observing the EURUSD growth renewal.

форекс прогноз eurusd на 22-06-2016

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.

A lot of important news are expected today in the USA at 17:00 (GMT +2: 00) and at 17:30, includind FRS Chairman Yellen’s speech.

We expect the news to be negative, which can contribute to the growth of EURUSD to the level of 1.13500.

An alternative is the EURUSD price reduction to the level of 1.11700.

Forecast for the GBPUSD currency pair

The maximum level of the GBPUSD price was 1.47825 during yesterday’s tradings, but it quickly fell to the value of 1.46550.

форекс прогноз gpbusd на 22-06-2016

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

Tomorrow an expected referendum regarding the UK secession from the EU. Therefore, today we believe that the GBPUSD pair will be in a holding pattern and the price will fluctuate in the range of 1.46000-1.47300.

Forecast for the USDJPY currency pair

In the graph we can see that yesterday’s trading of this currency pair were under the influence of “bulls” and the price of USDJPY rose to the level of 105.000, so our forecast wasn’t confirmed.

форекс прогноз usdjpy на 22-06-2016

Today there is a rollback of the price down to the level of 104.400.

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 below the %D line, and sends a signal to sell USDJPY.

We believe that today the price of USDJPY may again reduce to the level of 103.900 in case of negative news release in the US.

Otherwise, the USDJPY price growth is possible to the level of 105.500.

Forecast for the USDCAD currency pair

Yesterday the USDCAD currency had no ecpecially notable features and showed flat movement with the price oscillation within 60 pips.

форекс прогноз usdcad на 22-06-2016

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

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

The important news is expected at 15:30.

We expect a slight increase of USDCAD to the level of 1.28500 today.

The level of support is the mark of 1.27620.