5 Dec 2015
Buyers were defending the GBP/USD
A hammer hints that the bear's momentum may be slackening in GBP/USD.
The pattern emerged on the weekly price series where the Percentage Price Oscillator - a normalized MACD- has been printing below -1. While the oscillator is not at its extremes, there is a real threat of prices moving now considerably higher.
The pattern emerged on the weekly price series where the Percentage Price Oscillator - a normalized MACD- has been printing below -1. While the oscillator is not at its extremes, there is a real threat of prices moving now considerably higher.