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 1.3705), 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 1.3838 with the aim to go up to the resistance level of 1.3899 and in case of its break-down at the end of the hour to 1.3959. Stolploss may be placed at the level of 1.3770.
The signal for the opening of a short position is a breakdown of support at 1.3776 with the aim of going down to 1.3719, in case it is broken through 1.3662. Stolploss in this strategy can be placed at the level of 1.3845.
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 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 0.9724 at the end of the hour with the aim of going up to resistance at 0.9762-0.9800. Stop below 0.9755.
I recommend opening short positions after breakdown of support at the level of 0.9673 with the aim to go down to the support at 0.9631-0.9589. Stop above 0.9755.
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 predisposes to decrease.
In this technical situation pound can be sold from the level of 1.1103, you can also put a pending sell order at 1.1200 to reduce to the support area at 1.0665-1.0449, a stop in this strategy can be placed at the level of 1.1265.
If we gain a profit of 30 pips or more, we fix 50% of the position, and reduce the rest to a lossless position. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.
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