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Forex Signals for USD/CAD, EUR/USD and GBP/USD on 13/10/2022

EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex Signals for USD/CAD, EUR/USD and GBP/USD on 13/10/2022

USD/CAD Signals

USD/CAD is trading in an uptrend on the 4-hour chart. It shows that the USD/CAD rate is trading above the moving average with a period of 55 on the hourly chart (the level of 1.3720), 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 1.3853 with the aim to go up to the resistance level of 1.3920 and in case of its break-down at the end of the hour to 1.3993.  Stolploss may be placed at the level of 1.3770.

The signal for the opening of a short position will be a breakdown of support at 1.3662 to 1.3578, in case it is broken through 1.3507. Stolploss for this strategy can be placed at the level of 1.3735.

Taking into account that the moving average and the location of the technical figure boundaries move over time, it is necessary to make adjustments in their positions on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts.

USD/CAD 4-hours Chart Forex

EUR/USD Signals

The EUR/USD is trading within the descending price channel on the hourly chart. I recommend opening long positions in case resistance at 0.9724 is broken in an hour with the aim of going up to resistance at 0.9768-0.9810. Stop below 0.9665.

I recommend opening short positions after breakdown of support at 0.9673 with the aim to go down to support at 0.9631-0.9589. Stop above 0.9755.

If you are interested in EUR/USD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest EUR/USD forecasts and signals contain support and resistance levels, as well as stop-loss levels.

EUR/USD 1-hour Chart Forex

GBP/USD Signals

On the basis of technical modeling on pair GBP/USD 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 1.1107 and you can also put a pending sell order at 1.1195 for the purpose of reducing to the support area at 1.0665-1.0449, a stop in this strategy can be placed at 1.1265.

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. 

GBP/USD 4-hours Chart Forex
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Symbols EUR/USD, GBP/USD, USD/CAD

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