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 the resistance at 1.0040 with the aim of going up to the resistance at 1.0064-1.0090. Stop below 0.9990.
I recommend to open short positions after breakdown of support at the level of 1.0001 with the aim to go down to support at the level of 0.9978-0.9951. Stop above 1.0060.
On the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to decrease.
In the given technical situation pound can be sold from the level of 1.1460 it is also possible to expose the pending sell order at the level of 1.1545 with the purpose of decrease in the area of support at the level of 1.1215-1.1076, the stop at this strategy can be placed at the level of 1.1645.
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 an uptrend on the 4-hour chart. It shows that the USD/CAD is trading above the 55 moving average on the hourly chart (level 1.3132), which generally contributes to the price increase in the short term. I recommend to work on this pair from purchases on the basis of the existing wave model.
The signal for long position opening will be a break-down of resistance at 1.3321 with the aim to go up to the resistance level of 1.3372 and in case of its break-down to 1.3430. Stolploss may be placed at the level of 1.3200.
The signal for the opening of a short position is a breakdown of support at 1.3210 with the aim of going down to 1.3153, in case it is broken through 1.3087. Stolploss in this strategy can be placed at the level of 1.3265.
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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