COSMOS4U AdMACD Indicator under 56, 203, 36 parameters given by COSMOS4U technical analysis research department, generated a corrective buy signal for GBPUSD spot price in H1 timeframe (11 AUG 2017 02:00 PM UTC) due to trend reversal. The previous position closed with -0.05% loss.
The buy signal is strong because the crossover has taken place below the zero line, thus determining the prevailing market trend.
The moving average MA(6) hourly volume is above the MA(56) hourly volume, so the confirmation signal, given by COSMOS4U Volume Indicator, is strong. The difference between the Bull and Bear Volumes for the last 56 hours is bearish.
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