The EUR/USD pair is trading within the descending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9844 with the aim of going up to resistance at 0.9878-0.9912. Stop below 0.9800.
I recommend opening short positions after breakdown of support at 0.9808 with the aim to go down to support at 0.9776-0.9740. Stop above 0.9865.
On the basis of technical modeling on pair GBP/USD the forecast of the further movement was formed and the average urgent is predisposed to decrease.
In the given technical situation pound can be sold from the level of 1.1267 and also it is possible to expose the pending sell order at the level of 1.1389 with the purpose of decrease in the support area at the level of 1.1016-1.0932, the stop at this strategy can be placed at the level of 1.1505.
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 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-period moving average on the hourly chart (level of 1.3394), 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 1.3525 with the aim to go up to the resistance level of 1.3599 and in case of its break-down at the end of the hour to 1.3666. Stolploss may be placed at the level of 1.3400.
The signal for the opening of a short position is a breakdown of support at 1.3372, with the aim of going down to 1.3321 if it is broken through 1.3259. Stolploss in this strategy can be placed at the level of 1.3455.
Considering that the moving average and the location of the boundaries of technical figures moves 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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