Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

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

By Jason SenForexApr 21, 2021 06:17AM ET
EUR/USD, USD/CAD And GBP/CAD Daily Forecast
By Jason Sen   |  Apr 21, 2021 06:17AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

EUR/USD was expected to hold resistance at 1.2075. We topped just 4 pips above here and sold off to 1.2020. It looks likely that further losses will be seen in to the end of the week.

USD/CAD still confusing as we remain in a 1 month sideways trend. Yesterday we shot higher to test 1 month trend line resistance at 1.2610/20.

GBP/CAD bottomed exactly at strong support at 1.7455/45. The pair shot higher as expected to first resistance at 1.7540/44 & almost as far as our upper target of 1.7600/15.

Today’s Analysis

EUR/USD held resistance at 1.2075. A high for the day is likely here if retested today. Shorts need stops above 1.2090. A break higher however targets 1.2105 and trend line resistance at 1.2130/40.

A break below 1.2020 meets first support at 1.1995/85. Below 1.1970 look for the best support for today at 1.1950/40. Longs need stops below 1.1930.

USD/CAD shot higher to test 1 month trend line resistance at 1.2610/20. We topped exactly here which risks a slide to to 1.2890/86 and first support at 1.2565/55. Best support for today at 1.2540/30. Longs need stops below 1.2520.

A break above 1.2630 should signal further gains to 1.2670/75. A break above 1.2680 could be seen as a medium term buy signal, initially targeting 1.2760/70.

GBP/CAD holding 14 pips from the next target of 1.7600/15.

First support at 1.7490/70. Further losses test best support for today at 1.7435/25.

Longs need stops below 1.7410.

EUR Chart
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.

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

Related Articles

Scott Barkley
EUR/USD Breakout By Scott Barkley - Aug 05, 2021 1

BearishUSDX is bullish and uncommitted at the time of this post. EUR/USD hasa bear flag pattern (bearish) in play so should now see the resumption of the channel to the downside....

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

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email