EUR/USD Signals
The EUR/USD pair is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9888 at the end of the hour with the aim of going up to resistance at 0.9934-0.9978. Stop below 0.9840.
I recommend to open short positions after breakdown of support at the level of 0.9847 with the aim to go down to support at the level of 0.9806-0.9760. Stop above 0.9915.
GBP/USD Signals
On the basis of technical modeling on pair GBP/USD the forecast of the further movement was formed and the average urgency predisposes to decrease.
In this technical situation pound can be sold from the level of 1.1389 and you can also put a pending sell order at 1.1465 for the purpose of reducing to the support area at 1.0864-1.0610, a stop in this strategy can be placed at the level of 1.1510.
If we gain a profit of 30 pips or more we fix 50% of the position, and place the rest of the profit at no-loss. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.
USD/CAD Signals
USD/CAD is trading in a downtrend on the 4-hour chart. It shows that USD/CAD is trading below the 55 moving average on the 4h chart (level 1.3703), which will lower the price in the short term. I recommend to work on this pair from sales on the basis of the existing wave model.
The signal for long position opening will be a break-down of resistance at 1.3662 with the aim to go up to the resistance level of 1.3719 and in case of its break-down at the end of the hour to 1.3776. Stolploss may be placed at the level of 1.3556.
The signal for the opening of a short position is a breakdown of support at 1.3591 to 1.3510, and in case it is broken through 1.3442. Stolploss for this strategy can be placed at the level of 1.3675.
Taking into account that the moving average and the location of the technical figure boundaries move over time, it is necessary to make corrections in their positions on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts.
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