GBPAUD I am look for down trend moving (Daily Analysis)
Price may move up to 1.414 area then down
Reason
1.4HR MACD4C struggling at zero line
2.MACD moving to positive and signal line still positive at4HR timeframe
3. Daily Timeframe MACD positive, AO and MACD4C bar moving up
OR
Continue Down trend if break 1.934
Reason
1. 4HR MACD4C and AO divergent
2. MACD signal near to zero and may return to negative
3. Daily Chart Pattern (FIBONANCHI reversal level - Down Trend)
Reason
1.4HR MACD4C struggling at zero line
2.MACD moving to positive and signal line still positive at4HR timeframe
3. Daily Timeframe MACD positive, AO and MACD4C bar moving up
OR
Continue Down trend if break 1.934
Reason
1. 4HR MACD4C and AO divergent
2. MACD signal near to zero and may return to negative
3. Daily Chart Pattern (FIBONANCHI reversal level - Down Trend)
Comment
Daily Chart
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