USD/CAD 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 1.3676), which generally contributes to the decline in the price in the short term. I recommend to work on this pair from sales on the basis of the existing wave model.
Breaking through resistance at 1.3672 with the aim to go up to 1.3756 and if it is broken through 1 hour to 1.3833 will be a signal to open a long position. Stolploss may be placed at the level of 1.3580.
The signal for the opening of a short position is a breakdown of support at 1.3596 with the aim of going down to support at 1.3507, in case it is broken through 1.3431. Stolploss in this strategy can be placed at the level of 1.3680.
Taking into account that the moving average and the location of the boundaries of technical figures 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.
The pair EUR/USD is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of the resistance at 0.9996 with the aim to go up to the resistance at 1.0038-1.0080. Stop below 0.9920.
I recommend to open short positions after breakdown of support at the level of 0.9927 by the results of an hour, with the aim to go down to support at the level of 0.9890-0.9854. Stop above 1.0010.
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 1.1579 also it is possible to expose the pending buy order at the level of 1.1427 with the purpose of increase in the area of resistance at the level of 1.1745-1.1866, the stop at the given strategy can be placed at the level of 1.1340.
If we gain a profit of 30 pips or more, we fix 50% of the position, and place the rest at a lossless position. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.
If you are interested in GBP/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 GBP/USD forecasts and signals contain support and resistance levels, as well as stop-loss levels.