forex-forecast-eurusd-09-11-2016

Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 26 July, 2016

The forecast for the EURUSD currency pair

As we expected, the positive news in Germany contributed to the growth of EURUSD to the level of 1.10000.

Today, the price of the currency pair continues to grow.

forex-forecast-eurusd-26-07-2016

The MACD histogram is in the positive 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.

Important economic news for the United States will be released at 17:00 (GMT +2: 00).

If its result is positive, the price of EURUSD may decline to the level of 1.09650.

An alternative can be the EURUSD growth to the resistance level of 1.10500.

Forecast for the GBPUSD currency pair

The market opening and closing prices for this currency pair were almost the same yesterday, and the price fluctuations were about 70 pips.

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

forex-forecast-gpbusd-26-07-2016

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

The growth of GBPUSD to the level of 1.31400 is possible today, although before that the price may fall to the level of 1.30000.

Forecast for the USDJPY currency pair

Yesterday’s trading session was under the influence of the “bears” and the price of USDJPY fell slightly. Today we see a drop by more than 175 pips.

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

forex-forecast-usdjpy-26-07-2016

The stochastic oscillator is in the oversold zone, the %K line joined the %D line, so there are no signals yet.

We assume that the USDJPY price may show a slight increase to the level of 104.800.

An alternative could be a further decline of the price to the level of 103.800.

Forecast for the USDCAD currency pair

During yesterday’s trading session the price of USDCAD rose to the level of 1.32400.

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

forex-forecast-usdcad-26-07-2016

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

An alternative is the USDCAD price reduction to the level of 1.31700.

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