GBPAUD Swing trade analysis on dated 19-7-2019


The RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 1.80230 and 1.82220]

Recommendation: Sell/Sell limit @ 1.78150 Target: 300 pips