USD/CAD Signals
USD/CAD is trading in a downtrend on the 4-hour chart. It shows that the USD/CAD rate is trading below the moving average with a period of 55 on the hourly chart (the level of 1.3600), which generally contributes to the decline in the price in the short term. I recommend to work on this pair from the sales on the basis of the existing wave model.
Breaking through resistance at 1.3668 with the aim to go up to resistance at 1.3756 and if it is broken through to 1.3833 will be a signal to open a long position. Stolploss may be placed at the level of 1.3570.
The signal for the opening of a short position is a breakdown of support at 1.3473, with the aim of going down to 1.3396 if it is broken through 1.3321. Stolploss for this strategy can be placed at the level of 1.3625.
Taking into account 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 the resistance at 1.0057 with the aim of going up to the resistance at 1.0090-1.0121. Stop below 0.9985.
I recommend to open short positions after breakdown of support at the level of 1.0000 with the aim to go down to support at the level of 0.9970-0.9937. Stop above 1.0065.
GBP/USD Signals
On the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgency is predisposed to rise.
In the given technical situation pound can be bought from the level of 1.1379 also it is possible to expose the pending buy order at the level of 1.1256 with the purpose of increase in the area of resistance at the level of 1.1880-1.2067, the stop at the given strategy can be placed at the level of 1.1220.
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