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Forex signals for USDCAD, EURUSD and GBPUSD on 18/01/2023

EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex signals for USDCAD, EURUSD and GBPUSD on 18/01/2023

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 1.3462), 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 break-down and fixing above the resistance at 1.3500 with the aim to go up to the resistance level of 1.3552 and in case of its break-down at the end of the hour to 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 is a break-down and fixation at the level of 1.3349 with the aim of going down to the support at 1.3295, in case of its breakdown an hour later, to 1.3243. Stop-loss in this strategy can be placed at the level of 1.3475.

Chart - Forex signals for USDCAD on 18/01/2023

EURUSD signals

EURUSD is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case the pair breaks through and rises above the resistance at 1.0810, aiming to the resistance at 1.0837-1.0869. Stop loss below 1.0760.

I recommend to open short positions after breakdown and fixation below the support at the level of 1.0764 with the aim to go down to the support at the level of 1.0737-1.0710. Stop-loss is above 1.0820.

Chart - Forex signals for EURUSD on 18/01/2023

GBPUSD signals

On the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgency is predisposed to rise.

In the given technical situation pound can be bought from the level of 1.2243 and also it is possible to expose the pending buy order at the level of 1.2170 with the purpose of increase in the area of resistance at the level of 1.2353-1.2446, the stop at this strategy can be placed at the level of 1.2070.

Chart - Forex signals for GBPUSD on 18/01/2023
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Symbols EUR/USD, GBP/USD, USD/CAD

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