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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 12/02/2019

Fundamental analysis

12 February, 2019

GBP/USD fell this morning to its lowest rate in three weeks (1.2830). The US dollar hit a 2019 high as concerns about a trade deal with China and an economic slowdown in Europe sent investors into the safe-haven currency. In UK, Prime Minister Theresa May will tell British lawmakers on Tuesday they must hold their nerve over Brexit to force the European Union to accept changes to the divorce deal that would pave the way for an orderly exit. The United Kingdom is on course to leave the European Union on March 29 without a deal unless May can convince the bloc to amend the divorce deal she agreed in November and then sell it to skeptical British lawmakers. European Union Brexit negotiator Michel Barnier said on Monday the bloc would agree to tweak the political declaration on EU-UK ties after Brexit that forms part of the package, to reflect a plan for a closer future relationship that could obviate the need for the contentious backstop. The British parliament is set to hold a debate on Brexit on Feb. 14 but with just 45 days until Britain leaves the bloc, no date has yet been set for another “meaningful” vote on May’s deal. Early this afternoon, BoE Governor Mark Carney will at an FT event as Brexit nears and the world economy slows. Later this afternoon, US JOLTs Job Openings for December will be released. Also this afternoon, Fed Chair Jerome Powell will speak on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum.

Technical analysis

Pound - US Dollar Analysis Technical analysis 12/02/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 12/02/2019

Support & Resistance Level Explanation
Resistance 2 1.2920 Daily R2
Resistance 1 1.2885 Daily R1
Support 1 1.2830 Daily S1
Support 2 1.2793 Daily S2

GBPUSD Indicator Table - 12/02/2019

Indicator Signal
SMA 20 Buy
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Buy
Stochastic ( 9;6;3) Buy

GBPUSD Indicator / Period Table - 12/02/2019

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Buy NeutralSell
SMA 20 Buy SellSell

GBPUSD 12/02/2019 - Reference Price : 1.2862

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Pound - US Dollar Chart
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