USD/CAD is trading in an uptrend on the 4-hour chart. It shows that the pair USD/CAD trades above the moving average with a period of 55 on the hourly chart (level 1.3744), which generally contributes to the rise in price in the short term. I recommend to work on this pair from the sales on the basis of the existing wave model.
The signal for long position opening will be a break-down of resistance at 1.3793 with the aim to go up to the resistance level of 1.3853 and in case of its break-down at the end of the hour to 1.3920. Stolploss may be placed at the level of 1.3650.
The signal for the opening of a short position is a breakdown of support at 1.3672, with the aim of going down to 1.3578 if it is broken through 1.3507. Stolploss for this strategy may be placed at the level of 1.3815.
Taking into account that the moving average and the location of the technical figure boundaries move over time, it is necessary to make corrections in their positions on the hourly chart. I also recommend to open positions by the end of the hour to avoid false breakouts.
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 0.9791 with the aim of going up to resistance at 0.9813-0.9838. Stop below 0.9740.
I recommend opening short positions after breakdown of support at 0.9752 with the aim to go down to support at 0.9730-0.9705. Stop above 0.9815.
On the basis of technical modeling on the pair pound/dollar has formed the forecast of the further movement and the average urgent predisposition to the rise.
In the given technical situation pound can be bought from the level of 1.1182 and also it is possible to expose the pending buy order at the level of 1.1069 with the purpose of increase in the area of resistance at the level of 1.1391-1.1488, the stop at this strategy can be placed at the level of 1.0990.
If we gain a profit of 30 pips or more, we fix 50% of the position, and place the rest at no loss. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.
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