EUR/USD, USD/CAD, GBP/CAD Forecast
Jason Sen | Aug 19, 2021 04:59AM ET
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.
h2 Today’s Analysis/h2EUR/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.
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