EURUSD sell signal on 16 MAY 2018 02:00 AM UTC by AdMACD Trading System (Timeframe=H1)

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Published in EURUSD
Wednesday, 16 May 2018 02:00


COSMOS4U AdMACD Indicator under 57, 350, 36, 18 parameters given by COSMOS4U technical analysis research department, generated a sell signal for EURUSD spot price in H1 timeframe (16 MAY 2018 02:00 AM UTC).

The short signal is weak because the crossover has taken place below the zero line, thus determining the prevailing market trend.

The moving average MA(6) hourly volume is below the MA(57) hourly volume, so the confirmation signal, given by COSMOS4U Volume Indicator, is weak. The difference between the Bull and Bear Volumes for the last 57 hours is bearish.

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COSMOS4U is a financial research & software development company for scientific and financial markets applications, indicators & auto trading software robots. AdMACD automated trading system for Metatrader has been developed recently. The site www.COSMOS4U.net provides technical analysis signals of stock markets based on AdMACD indicator and on actual data of real-world markets.

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