GBPAUD Swing trade analysis on dated 29-5-2019


The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 day moving average’s [Respectively at 1.85140 and 1.84290]

Recommendation: Sell/Sell limit @ 1.83250 Target: 500 pips