Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 27 June, 2016

The forecast for the EURUSD currency pair

Friday’s tradings of this currency pair were very violent. The EURUSD price showed a drop for over 500 pips, then the price correction occured, which closed the half of EURUSD falling.

Today the market opened with a gap of 70 pips, which was almost immediately closed, but the price of EURUSD fell back down.

forex forecast eurusd 27-06-2016

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 above the %D line and sends a signal to buy EURUSD.

We predict that the price of EURUSD could reach 1.11800 today.

An alternative is the price reduction below the level of 1.10000.

Forecast for the GBPUSD currency pair

In the graph we see the GBPUSD price reduction for over 1780 pips, tradings closed at the price of 1.36677.

Today the market opened with a gap of 240 pips for the GBPUSD pair.

forex forecast gbpusd 27-06-2016

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 above the %D line and sends a signal to buy GBPUSD.

The important news for this pair is not expected today.

We assume that the price of GBPUSD could close the gap of 240 pips today and it strives to reach the level of 1.39000.

An alternative is the price reduction to the level of 1.33000.

Forecast for the USDJPY currency pair

A gap was almost 65 pips at the market openning, but it was already completely closed.

forex forecast usdjpy 27-06-2016

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 the same signal to buy USDJPY.

We expect today the USDJPY price growth to the level of 103.000.

Forecast for the USDCAD currency pair

This currency pair showed the smallest jump in prices and the USDCAD price showed a growth for more than 380 pips on Friday.

forex forecast usdcad 27-06-2016

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

The stochastic oscillator is in the oversold zone, the %K is below the %D line and sends a signal to sell USDCAD.

Today we expect that tradings of the USDCAD pair will be held in the range of 1.29500-1.30600.