Today, three setups, where we still have to wait for the breakouts but once they happen, we should receive very reliable trading signals. First instrument is the USD/CAD, where the price is locked inside an ascending triangle pattern, so we are below the horizontal resistance and above the dynamic support. First one is the green area around the 1.303 and the second one is the long-term up trend line. Breakout of the first one will give us a buy signal and the breakout of the second one will open us a way towards new lows.
Second one is gold. Precious metal is in the symmetric triangle pattern, waiting for a very important breakout. Price moving above the upper line of this pattern, along with the horizontal resistance on the 1307 USD/oz, will tell us to buy. The breakout of the lower line of this pattern, along with the long-term up trend line, will tell us to sell.
Last one is the EUR/AUD, which created a daily shooting star on the mid-term down trend line. Normally that should be a strong sell but the price failed to go lower and is trying to create a right shoulder of the H&S formation. For the buy signal we need to see the breakout of the neckline first.