EUR/USD
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 0.9848 with the aim of going up to resistance at 0.9888-0.9934. Stop below 0.9770.
I recommend opening short positions after breakdown of support at 0.9783 with the aim to go down to support at 0.9741-0.9697. Stop above 0.9855.
GBP/USD
On the basis of technical modeling on pair pound/dollar 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 1.1171 and also it is possible to expose the pending sell order at the level of 1.1244 with the purpose of decrease in the area of support at the level of 1.0826-1.0293, the stop at this strategy can be placed at the level of 1.1390.
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 1.3686), which generally contributes to the price increase 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 1.3743 with the aim to go up to the resistance level of 1.3807 and in case of its break-down at the end of the hour to 1.3877. 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 1.3662 and the aim of downward movement to 1.3596, in case it is broken through 1.3512. Stolploss for this strategy can be placed at the level of 1.3775.
Considering that the moving average and the location of the boundaries of the technical figures moves over time, it is necessary to correct their position on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts.
More about GBP/USD trading
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