Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD 30 June, 2016

The forecast for the EURUSD currency pair

The predominant growth of the EURUSD pair during yesterday’s trading confirmed our forecast almost fully, and the price reached 1.11300.

forex-forecast-eurusd-30-06-2016

The MACD histogram is in the positive zone, below its signal line, and sends a signal to sell EURUSD.

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

Important news from Germany will be released at 10:55 (GMT +2: 00), preliminary data on the consumer prices index of the Eurozone will be released at 12:00.

Today, we expect that the price of EURUSD could rise to the level of 1.11800.

An alternative is a weak price decline to 1.10800.

Forecast for the GBPUSD currency pair

The GBPUSD currency pair showed growth yesterday and reached the level of 1.35300, and then it weakened its position a little bit.

forex-forecast-gpbusd-30-06-2016

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

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 important news from the UK will be released. And at 18:00 the head of the Bank of England Carney’s speech is expected.

We suggest that a possible scenario for today is the growth of GBPUSD to the level of 1.35700.

An alternative can be reduction of the GBPUSD price to 1.33600.

Forecast for the USDJPY currency pair

Yesterday the tradings were light, the price of USDJPY showed a sideways trend. The price of market opening and closing has not changed a lot.

forex-forecast-usdjpy-30-06-2016

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

Today we expect the USDJPY growth to the level of 103.000.

Forecast for the USDCAD currency pair

In the graph we see the USDCAD price reduction to the level of 1.29300 yestedray.

forex-forecast-usdcad-30-06-2016

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

At 15:30 data on the GDP of Canada will be released.

We expect today the USDCAD price growth to the level of 1.30000.

The support level may be 1.29300.