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FxWirePro: AUD/USD dips on soft China data

FxWirePro: GBP/AUD gives up early gains after UK GDP shock

FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

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FxWirePro- Woodies Pivot(Major)

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FxWirePro: GBP/NZD ticks down after UK GDP data disappoints

FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level

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FxWirePro: GBP/CAD Trade Idea

Friday, December 8, 2017 9:56 AM UTC

FxWirePro's Hourly Currency Strength Index for GBP/CAD at 0900 GMT: Bullish

FxWirePro's Hourly Currency Strength Index for GBP: 124.354 (Bullish)

FxWirePro's Hourly Currency Strength Index for CAD: -83.9423 (Bearish)

Technical Analysis:

- Technical studies on weekly charts highly bullish

- Price action has broken above major trendline resistance and 100W SMA

- Bias bullish on daily charts. ADX supports uptrend

- Price action above cloud and major moving averages

Support levels - 1.7275 (100W SMA), 1.72, 1.7179 (5-DMA)

Resistance levels - 1.7432 (cloud top), 1.7546 (Aug 2016 high), 1.7853 (May 2017 high)

Recommendation: Good to go long on dips, SL: 1.7250, TP: 1.7430/ 1.7540/ 1.76

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FxWirePro: GBP/CAD Trade Idea

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