forex-forecast-eurusd-09-11-2016

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

The forecast for the EURUSD currency pair

The trading session for this currency pair was quite active yesterday and the EURUSD fluctuations were within 80 pips.

forex-forecast-eurusd-22-07-2016

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

Today at 10:30 (GMT +2: 00) economic news from Germany on the business activity index in the manufacturing sector will be released.

Positive news may contribute to the growth of EURUSD to the level of 1.10500.

The second variant can be the EURUSD price fall to the level of 1.09900.

Forecast for the GBPUSD currency pair

The main levels of support and resistance were 1.32650 and 1.31640, respectively, there were no price surges yesterday.

forex-forecast-gpbusd-22-07-2016

The MACD histogram is in the positive zone, but there are still no certain signals.

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

At 11:30 the release of the business activity index in the manufacturing sector of the United Kingdom is expected.

In case of positive news release the price may rise to 1.33000.

An alternative is the GBPUSD reduction to the level of 1.31300.

Forecast for the USDJPY currency pair

The USDJPY price dropped significantly by 200 pips and reached the level of 105.630 yesterday.

forex-forecast-usdjpy-22-07-2016

The MACD histogram is in the negative zone, above its signal line, which can be regarded as a signal to buy 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 believe that the price of USDJPY may again show a slight increase to the level of 106.700.

An alternative can be the price reduction to the level of 105.400.

Forecast for the USDCAD currency pair

Our yesterday’s forecast was fully confirmed and the price of USDCAD rose to the level of 1.31000.

forex-forecast-usdcad-22-07-2016

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 overbought zone, so there are no signals yet.

We assume that the price of USDCAD can fall to 1.30800, and then again renew its growth.

Estimate the article: 1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Subscribe to our newsletter!

Get an e-book “The Building Blocks for sucсeeding with Forex Trading” and notifications about new posts once a week

Send this to friend