Forecasts by Justforex

Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 25 July, 2016

The forecast for the EURUSD currency pair

On Friday, the US currency strengthened and the price of the EURUSD pair fell by 85 pips to the level of 1.09670.

forex-forecast-eurusd-25-07-2016

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.

At 11:00 (GMT +2: 00) news from Germany is expected.

We believe that positive news can turn EURUSD back above the level of 1.10000.

An alternative is further decline of the EURUSD price to the level of 1.09350.

Forecast for the GBPUSD currency pair

The strengthening of the US currency had an impact on the GBPUSD currency pair as well and the price fell by more than 200 pips.

forex-forecast-gpbusd-25-07-2016

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

Today we predict that the price of GBPUSD may rise to the level of 1.32000.

At the same time an alternative can be the price reduction to the support level of 1.30825.

Forecast for the USDJPY currency pair

Friday trading session with the USDJPY pair was under the influence of “bulls” and the price rose slightly.

forex-forecast-usdjpy-25-07-2016

The MACD histogram is in the positive zone, slightly below its signal line, which can be regarded as a weak 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 assume that the price of USDJPY may show a slight increase to the level of 107.000 today.

Forecast for the USDCAD currency pair

The USDCAD currency pair showed significant growth on Friday and price rose by more than 110 pips up to the level of 1.31800.

forex-forecast-usdcad-25-07-2016

The MACD histogram is in the positive zone, joined its signal line, so there are no signals yet.

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

We expect today the USDCAD price fluctuations within 1.30800-1.31900.

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