Today, we should receive very reliable trading signals for three setups, yet we are still awaiting breakouts. The USDCAD pair is locked inside an ascending triangle pattern, so we are below the horizontal resistance and above the dynamic support. The first one is the green area around 1.303, and the second is the long-term upwards trend line. The breakout of the first one will give us a buy signal, and the breakout of the second one will open the way towards new lows.
The second setup is gold, which is in a symmetrical triangle pattern and poised for a very important breakout. If the price goes above the upper line of this pattern, and the horizontal resistance approaches 1307 USD/oz, this will tell us to buy. However, if we see a breakout of the lower line of this pattern along with the long-term upwards trend line, this will tell us to sell.
Finally, there is the EURAUD, which created a daily shooting star on the mid-term downwards trend line. Normally that should be a strong signal to sell, but the price is unable to go lower and the right shoulder of the iH&S formation seems to be taking shape. For the buy signal we would first need to see a breakout of the neckline.