COSMOS4U AdMACD Indicator under 5, 344, 44 parameters given by COSMOS4U technical analysis research department, generated a corrective sell signal for USDZAR spot price in H1 timeframe (11 AUG 2017 06:00 PM UTC) due to trend reversal. The previous position closed with -0.17% loss.
The sell signal is strong because the crossover has taken place above the zero line, thus determining the prevailing market trend.
The moving average MA(6) hourly volume is below the MA(5) hourly volume, so the confirmation signal, given by COSMOS4U Volume Indicator, is weak. The difference between the Bull and Bear Volumes for the last 5 hours is bearish.
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