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EUR/USD, USD/CAD, GBP/CAD Forecast

By Jason SenForexAug 19, 2021 04:59AM ET
www.investing.com/analysis/eurusd-usdcad-gbpcad-forecast-200599337
EUR/USD, USD/CAD, GBP/CAD Forecast
By Jason Sen   |  Aug 19, 2021 04:59AM ET
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EUR/USD longs at best support at 1.1735/15 stopped below 1.1690 now for a sell signal.

USD/CAD beat 1.2525/35 targeting 1.2600, 1.2650/60 and 1.2720/30 today which will offer up to 200 pips profit on longs.

GBP/CAD remains quite erratic and random. No trend to follow.

Today’s Analysis

EUR/USD broke best support at 1.1735/15 for a sell signal targeting 1.1640/30, then 1.1580/70. First resistance at 1.1715/35 of course. Shorts need stops above 1.1750.

USD/CAD beat 1.2525/35 targeting 1.2600, 1.2650/60 and 1.2720/30. Further gains target 1.2775/85. First support at 1.2650/40. Longs need stops below 1.2625.

GBP/CAD meets minor resistance at 1.7425/45 and again at the August high of 1.7495/1.7505. A break above 1.7510 targets the July high at 1.7557/67. First support at 1.7380/60. Longs need stops below 1.7330. A break lower targets 1.7280/60.

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 realized. 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, GBP/CAD Forecast
 

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EUR/USD, USD/CAD, GBP/CAD Forecast

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