EUR/USD
The pair EUR/USD is trading within the descending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9940 with the aim of going up to resistance at 0.9969-0.9998. Stop below 0.9870.
I recommend to open short positions after breakdown of support at the level of 0.9892 with the aim to go down to support at the level of 0.9867-0.9842. Stop above 0.9955.
GBP/USD
On the basis of the technical modeling on pair GBP/USD the forecast of the further movement was formed and the average urgency predisposes to decrease.
In the given technical situation pound can be sold from the level of 1.1388 and also it is possible to expose the pending sell order at the level of 1.1526 with the purpose of decrease in the area of support at the level of 1.1215-1.1103, the stop at this strategy can be placed at the level of 1.1635.
If we gain a profit of 30 pips or more, we fix 50% of the position, and place the rest at no-loss. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.
USD/CAD
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 1.3179), 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 1.3373 with the aim to go up to the resistance level of 1.3430 and in case of its break-down to 1.3481. Stolploss may be placed at the level of 1.3310.
The signal for the opening of a short position is a breakdown of support at 1.3321 with the aim of going down to 1.3259 in case it is broken through 1.3210. Stolploss in this strategy can be placed at the level of 1.3405.
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.
If you are interested in EURUSD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest EUR/USD forecasts and signals contain support and resistance levels, as well as stop-loss levels.