30 Jun 2016
Above-average GBP/USD decline
Recently, the daily GBP/USD MACD managed to slip to its lowest value seen in one year of trading.
Equally bearish and significant is the distance between the MACD and its signal line. At present we can see a width not seen in the last six months.
Conversely, every bear needs to catch its breath at some point. The slightly higher oscillator value, outlined on the daily perspective, may result in sellers narrowing their projections for the decline.
Equally bearish and significant is the distance between the MACD and its signal line. At present we can see a width not seen in the last six months.
Conversely, every bear needs to catch its breath at some point. The slightly higher oscillator value, outlined on the daily perspective, may result in sellers narrowing their projections for the decline.