By IFCMarkets
Continuing decline in UK consumer confidence bearish for GBPUSD
British consumer confidence fell in May: GfK Consumer Confidence index dropped to -36 after falling to -34 in April, when no change was expected. This is bearish for GBPUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Sell | |
MA(200) | Buy | |
Fractals | Sell | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Sell |
Buy stop | Below 1.2649 |
Stop loss | Above 1.2712 |
Market Analysis provided by IFCMarkets