The pair EUR/USD is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of the resistance at 0.9951 with the aim of going up to the resistance at 0.9998-1.0040. Stop below 0.9890.
I recommend opening short positions after breakdown of support at 0.9910 with the aim to go down to support at 0.9871-0.9832. Stop above 0.9960.
On the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed, and the average urgency predisposes to increase within the limits of correction.
In the given technical situation pound can be bought from the level of 1.1318 also it is possible to expose the pending buy order at the level of 1.1210 with the purpose of increase in the area of resistance at the level of 1.1488-1.1625, the stop at this strategy can be placed at the level of 1.0996.
If we gain a profit of 30 pips or more, we fix 50% of the position, and reduce the rest to a lossless position. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.
USD/CAD is trading in a downtrend on the 4-hour chart. It shows that USD/CAD is trading below the moving average with a period of 55 on the hourly chart (level of 1.3698), which generally contributes to the decline in the price in the short term. I recommend to work on this pair from the sales on the basis of the existing wave model.
The signal for long position opening will be a break-down of resistance at 1.3720 with the aim to go up to the resistance level of 1.3776 and in case of its break-down at the end of the hour to 1.3837. Stolploss may be placed at the level of 1.3650.
The signal for the opening of a short position is a breakdown of support at 1.3594 with the aim of going down to 1.3507, in case it is broken through 1.3442. Stolploss in this strategy can be placed at the level of 1.3705.
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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