USDCAD Wave Analysis 20 April, 2021

April 20, 2021 at 04:09PM

• USDCAD reversed from support level 1.2475

• Likely to rise to resistance level 1.2600

USDCAD recently reversed up from the pivotal support level 1.2475 (which has been reversing the price for the last few trading sessions) – strengthened by the lower daily Bollinger Band.

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

The upward reversal from the support level 1.2475 created the daily Hammer – stopping the previous wave (ii).

USDCAD is likely to rise further toward the next resistance level 1.2600 (which has been reversing the price from start of April).

From: The FxPro News Team https://fxpro.news/technical-analysis/usdcad-wave-analysis-20-april-2021-20210420/
Selected by fonecable.com

Search Web: USDCAD Wave Analysis 20 April, 2021

About Post Author

fonecablecom

marketing@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

China GDP: Growth forecast moderates – DBS Bank 27 January 2026

DBS Bank's Group Research indicates that China's GDP growth is projected to moderate to 4.3% in 1Q 2026, following a slowdown from 4.8% in 3Q 2025 to 4.5% in 4Q 2025.

Apple stock tests key resistance after bounce from support 27 January 2026

Apple Inc (AAPL), the tech giant behind the iPhone and a sprawling ecosystem of devices and services, has endured a volatile few weeks. This has brought the stock to a technical crossroads.

UnitedHealth massage: The trading levels to watch 27 January 2026

There is blood in the streets for UnitedHealth Group (UNH) this morning. The stock is getting crushed, trading below $295 in pre-market action. The culprit is a "double whammy”, disappointing earnings combined with negative headlines surrounding Medicare reimbursement rates.

Gold: Bullish outlook for 2026 – TD Securities 27 January 2026

TD Securities has significantly upgraded its outlook for Gold, projecting an annual average price of $4,831/oz for 2026, an increase of $619/oz from previous estimates. The report also anticipates transitory trading highs of $5,400/oz for Gold in the first half of 2026.

United States Redbook Index (YoY) climbed from previous 5.5% to 7.1% in January 23 27 January 2026

United States Redbook Index (YoY) climbed from previous 5.5% to 7.1% in January 23

Top big data stocks powering the AI boom as analytics surges 27 January 2026

An updated edition of the December 04, 2025 article.

EU-India trade deal: Opportunities for Germany – Commerzbank 27 January 2026

Commerzbank's Economic Research report highlights the recent agreement between the European Commission and India on a free trade agreement. This deal is expected to significantly benefit the German economy, which currently has limited trade with India.

ADP Employment Change reveals continued slowdown in private-sector hiring 27 January 2026

The ADP Employment Change 4-week average came in at 7,750 in the period ending January 3, 2026, down slightly from 8,000 in the previous period.

FOMC: No change expected – BNY 27 January 2026

BNY's Macro Strategist John Velis provides insights on the upcoming January FOMC meeting, indicating that no change in interest rates is expected. The report highlights a modest chance of a rate cut and suggests that the Fed will maintain a steady stance in the coming years.

United States ADP Employment Change 4-week average down to 7.75K in January 3 from previous 8K 27 January 2026

United States ADP Employment Change 4-week average down to 7.75K in January 3 from previous 8K

GBP/USD climbs to six-month highs amid sustained US Dollar selling 27 January 2026

The British Pound (GBP) extends its advance against the US Dollar (USD) on Tuesday, with GBP/USD climbing to fresh six-month highs amid broad-based weakness in the Greenback. At the time of writing, the pair is trading around 1.3739, up nearly 0.42% on the day.

WTI retreats as US supply recovers, Middle East tensions sustain risk premium 27 January 2026

West Texas Intermediate (WTI) US Oil trades around $60.50 on Tuesday at the time of writing, down 0.25% on the day, extending the pullback seen in the previous day.

Cameco (CCJ) breaks out as impulsive strength returns 27 January 2026

Cameco is a leading Canadian uranium producer based in Saskatoon. The company operates some of the world’s highest‑grade and lowest‑cost uranium mines. It also maintains a significant presence across the nuclear fuel cycle through refining, conversion, and fuel‑manufacturing assets.

NOK: Stable with slight upward trend – Commerzbank 27 January 2026

Commerzbank's report by Antje Praefcke indicates that the Norwegian Krone (NOK) is expected to remain stable with a slight upward trend. Norges Bank is signaling only one interest rate cut per year as inflation remains high, while the economic outlook for Norway is positive.

Costco (COST) bullish setup: Rally towards 1515 from blue box area 27 January 2026

Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States & globally together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories.

High-frequency trading signal the next buying opportunity in Delta Air Lines (DAL) 27 January 2026

Elliott Wave Theory states that market trends unfold in five impulsive waves and correct in three waves. Building on this foundation, EWF has developed an enhanced and more systematic approach to Elliott Wave analysis by integrating wave sequences and high-frequency trading concepts,.

EUR/USD hits fresh highs as trade rifts, political tensions hit the Dollar 27 January 2026

The Euro (EUR) has reversed previous losses and rallied to test September 2025 highs at the 1.1920 area, which are under pressure at the time of writing.

Dollar: Decline without drama – UBS 27 January 2026

UBS's Paul Donovan comments on the current state of the Dollar, noting that while it remains weaker, it has not significantly declined further. He suggests that the Dollar is losing market share, which indicates a slide into mediocrity rather than a dramatic decline.

USD/JPY whipsaws around 154.00 with the US Dollar on the defensive 27 January 2026

The Yen extends gains for the third consecutive day against the US Dollar on Tuesday. The USD/JPY pair trades at 153.75 at the time of writing after the Greenback’s recovery attempts found sellers a few pips shy of the 155.00 level.

Gold holds firm near record highs amid trade tensions and geopolitical risks 27 January 2026

Gold (XAU/USD) rebounds on Tuesday, recovering from a modest pullback after posting a fresh record high of $5,111 on Monday. The metal remains underpinned by strong safe-haven demand as investors stay cautious amid lingering geopolitical tensions and broader economic uncertainty.

Breaking News

April 20, 2021 at 04:09PM

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

ADVERTISEMENT

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Related Post

Featured widget