The forecast for the EURUSD currency pair
The price of the EURUSD currency pair almost reached the level of 1.10300 during yesterday’s trading session, then the price started to fall, in addition to this positive news were released in the USA at 17:00. As a result, the market closed near the level of 1.09860.
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.
Many major news will be released today in the United States: at 15:30 (GMT +2: 00), then at 17:00 and 17:30, and at 21:00 the Federal Reserve System decision on interest rate is expected.
Positive news on the US currency may contribute to the EURUSD price reduction to 1.09600.
An alternative is the EURUSD growth to the level of 1.10400.
Forecast for the GBPUSD currency pair
In the first half of yesterday’s trading session the GBPUSD price dropped to the level of 1.30570, and then in the rest of the trading session “bulls” prevailed on the market and the price of GBPUSD rose to the level of 1.31750.
The MACD histogram is just below the signal line, and almost joined the zero line, so there are no certain signals yet.
The stochastics oscillator is in the neutral zone, the %K line is below the %D line and sends a signal to sell GBPUSD.
At 11:30 the data on UK GDP for the 2nd quarter will be released.
We believe that the price of GBPUSD can drop to 1.30750 today in case of positive news from the USA.
An alternative can be the GBPUSD growth to the level of 1.31900.
Forecast for the USDJPY currency pair
The USDJPY price fell by more than 180 pips to the level of 103.900 yesterday, while in the second half of the day it redeemed its position and the market closed at the price of 104.611.
Today in the morning USDJPY showed a sharp price runup by 190 pips to 160.540.
The MACD histogram is in the positive zone, above its signal line, which can be regarded as a signal to buy USDJPY.
The stochastic oscillator is in the oversold zone, the %K line joined the %D line, so there are no signals yet.
We expect that the price of USDJPY will strive to reach 106.250.
Forecast for the USDCAD currency pair
Fluctuations of the USDCAD pricey were within 60 pips yesterday, while sharp runups were not observed.
The MACD histogram is in the negative zone, above its signal line, which can be regarded as a signal to buy USDCAD.
The stochastic oscillator is in the neutral zone, the %K is below the %D line and sends a signal to sell USDCAD.
We expect today the USDCAD rise to the level of 1.32400.
The support level can be the mark of 1.31320.