1-EURUSD trading plan.
Buy signals above 1,775 – 1,75 towards 1,0935.
The pair is struggling on the monthly time frame with a strong support around 1,065 and it seems it cannot break it down.
EU MONTHLY CHART.
On the daily time frame, the pair broke up, retested and confirmed a break up of SMA40 around 1,08. The next obvious zone of resistance is around 1,0935.
EU DAILY CHART.
On the H4 time frame, the pair broke up two resistances which now stand supports : 1,075, where SMA200 and SMA100 meet, and 1,0775, where there is a 50 fib level. As long as we are above those levels, we should rather look for buying signals.
EU H4 CHART.
2-GU trading plan
Watch price action around 1,518 (daily SMA100). Expect a bearish consolidation, but look to buy above 1,51 to go back to 1,518 and then 1,55. Keep a long term bullish bias as long as we stay above 1,5.
GBPUSD has been very bullish last week but it stand now against a multi timeframe resistance at 1,518, where the pair meets a weekly fib line, the weekly SMA20 and the daily SMA100. We expect it to pull back before rising again. Our bullish bias will last down to 1,5, where is located a channel broken resistance.
GU WEEKLY CHART.
Should the pair open above 1,581 on Monday, allow for a retest of that level before entering long.
GU DAILY CHART.
3-USDCAD trading plan.
Look for short at 1,225 and 1,235.
The USDCAD has been breaking down a channel support at 1,235, but it has been stopped by the SMA100 acting as a support. The pair eventually managed to break down that SMA100 too, but then posted a hammer on Friday, making a retest of the moving average, and may be of the channel support more than possible.
USDCAD DAILY CHART.
1,225 is also the level of the monthly SMA200, making a retest of that level even more likely.
USDCAD MONTHLY CHART.