COSMOS4U AdMACD Indicator under 58, 346, 35, 17 parameters given by COSMOS4U technical analysis research department, generated a sell signal for GBPUSD spot price in H1 timeframe (16 MAY 2018 03:00 PM 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 above the MA(58) hourly volume, so the confirmation signal, given by COSMOS4U Volume Indicator, is strong. The difference between the Bull and Bear Volumes for the last 58 hours is bearish.
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