USD/CAD pair is trading in a downtrend on the 4-hour chart. On it you can see that USD/CAD rate is trading above the moving average with a period of 55 on the hour chart (level of 1.3743), 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 1.3817 with the aim to go up to the resistance level of 1.3900 and in case of its break-down at the end of the hour to 1.3969. Stolploss may be placed at the level of 1.3630.
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 can be placed at the level of 1.3825.
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 opening positions by the end of the hour to avoid false breakouts.
EUR/USD is trading within the descending price channel on the hourly chart. I recommend opening long positions in case resistance at 0.9791 breaks through one hour 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 pair pound/dollar the forecast of the further movement was formed and the average urgency predisposes to decrease.
In the given technical situation it is possible to sell from level 1.1233 also it is possible to expose the pending buy order at level 1.1391 with the purpose of increase in the area of resistance at level 1.1069-1.0942, the stop at the given strategy can be placed at level 1.1510.
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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