USD/CAD Signals
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 (the level of 1.3651), which generally contributes to the price increase in the short term. I recommend to work on this pair from sales on the basis of the existing wave model.
Breaking through resistance at 1.3757 with the aim to go up to resistance at 1.3833 will be a signal to open a long position and in case it is broken through 1 hour to 1.3900. Stolploss in this strategy can be placed at the level of 1.3640.
The signal for the opening of a short position is a breakdown of support at 1.3651, with the aim of going down to 1.3574 if it is broken through 1.3497. Stolploss in this strategy can be placed at the level of 1.3790.
Considering that the moving average and the location of the boundaries of the 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.
EUR/USD Signals
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 0.9800 with the aim of going up to resistance at 0.9837-0.9873. Stop below 0.9760.
I recommend opening short positions after breakdown of support at 0.9770 with the aim to go down to support at 0.9732-0.9694. Stop above 0.9810.
GBP/USD Signals
On the basis of technical modeling on pair GBP/USD the forecast of the further movement was formed and the average rally is predisposed to the rise.
In the given technical situation pound can be bought from the level of 1.1193 and also it is possible to expose the pending buy order at the level of 1.1121 with the purpose of increase in the area of resistance at the level of 1.1383-1.1547, the stop at this strategy can be placed at the level of 1.1050.
If we gain a profit of 30 pips or more we fix 50% of the position, and place the rest of the profit at no-loss. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.
Read more: GBP/USD exchange rate (Online Chart), forecast for today