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Forex signals for USDCAD, EURUSD and GBPUSD on 16/01/2023

EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex signals for USDCAD, EURUSD and GBPUSD on 16/01/2023

USDCAD signals

USDCAD 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 1.3479), which generally contributes to the decline in the price in the short term. I recommend to sell on this pair on the basis of the existing wave pattern.

The signal for long position opening will be a breakdown and fixation at the level of 1.3500 with the aim to go up to the resistance at 1.3552 and in case of its breakdown and fixation at the level of 1.3606.  Stop loss in this strategy may be placed at the level of 1.3440.

The signal for the opening of a short position will be a breakdown and fixation at the level of 1.3349 with the aim of reducing to the support at the level of 1.3295 in case of its breakdown and fixation at 1.3243. Stop-loss may be set at the level of 1.3475.

Chart Forex signals for USDCAD on 16/01/2023

EURUSD signals

The EURUSD pair is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of the resistance at 1.0870 with the aim of going up to the resistance at 1.0900-1.0931. Stop-loss below 1.0800.

I recommend to open short positions after breakdown of support at 1.0807 with the aim to go down to support at 1.0781-1.0751. Stop loss is above 1.0885.

Chart Forex signals for EURUSD on 16/01/2023

GBPUSD signals

On the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to increase.

In the given technical situation pound can be bought from the level of 1.2226 and also it is possible to expose the pending buy order at the level of 1.2122 with the purpose of increase in the area of resistance at the level of 1.2374-1.2494, the stop at this strategy can be placed at the level of 1.2070.

Chart Forex signals for GBPUSD on 16/01/2023
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Symbols EUR/USD, GBP/USD, USD/CAD

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