A new Forex forecasting tool
The calculation suggests that the GBPUSD currency pair will move above 1.30137 in the next three to four days. Probability that the closing price during this period will be above 1.30137 is greater than 63%.
The calculation suggests that the GBPCAD currency pair will move above 1.72065 over a longer period of time. Probability that the closing price of 19.07. and 20.07. will be above 1.72065 is greater than 62%.
There is no trading signal in any of the 18 currency pairs considered.
The closing price of the EURGBP pair on 17.07.2018 will be lower than 0.88469 with a probability of 65%.
Daily forecast for July 16, 2018 and forecast for next week are shown. As one can see in the enclosed zip-file, none of the pairs considered shows a clear signal for trading in the next week. On the other hand, the daily forecast indicates that the price of the EURGBP pair will be lower than 0.88266 with a probability of 66%. If the price of the currency pair EURGBP starts to grow, it should not be exceeded 50 pips i.e. the value 0.88766.
The closing price of USDCHF pair will be below the value 0.99582 on 12.07.2018. with a probability of 70%.