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EUR/USD, USD/CAD And GBP/CAD Daily Forecast

By Jason SenForexApr 20, 2021 05:58AM ET

www.investing.com/analysis/eurusd-usdcad-and-gbpcad-daily-forecast-200574084

By Jason Sen | Apr 20, 2021 05:58AM ET

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EUR/USD beat 500 week moving average resistance at 1.1970/80 to top at the next target and resistance 1.2035/55 as predicted.

USD/CAD trades up one day, down the next day in the sideways trend. Very much stuck in an erratic range. No swing trade opportunities.

GBP/CAD unexpectedly rocketed through all resistance in one of the biggest rallies for this year so far.

Today’s Analysis

EUR/USD hit the next target and resistance at 1.2035/55 with a high for the day as predicted. We are trying a break higher as I write to target 1.2075. We should struggle to beat this level this morning. Above 1.2080 look for 1.2095/1.2105 and trend line resistance at 1.2130.

Failure to hold above 1.2030 risks a slide to support at 1.1995/85. Longs need stops below 1.1975.

USD/CAD held first resistance at 1.2520/30 to target first support at 1.2470/60. (We bottomed exactly here on Monday). A break lower targets 1.2430/20.

First resistance at 1.2520/30. Strong resistance at 1.2555/65 & again at important 1 month trend line resistance at 1.2610/20.

GBP/CAD rockets almost 480 pips in 2 days. Holding strong support at 1.7455/45 targets 1.7510/20 and first resistance at yesterday’s high at 1.7540/44. A break above 1.7555 targets 1.7600/15.

Strong support at 1.7455/45. Longs need stops below 1.7420. Next target is 1.7400

EUR Chart

Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

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Savin Surendran Apr 20, 2021 7:10AM ET

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Sir , whats the future trend for USDCAD for coming months

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EUR/USD, USD/CAD And GBP/CAD Daily Forecast

Today’s Analysis

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