Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 14/03/2019

Fundamental analysis

14 March, 2019

Despite the rebound GBP/USD is still trading near the highest level sing July 2018. The down move has been on the back of a strong pick up in the sentiment surrounding the Sterling after the ‘no deal’ vote was rejected at the House of Commons albeit by just 4 votes and in response to subsequent rumours that ‘hard Brexiteers’ could now support May’s alternative plan to leave the EU. Later today, GBP is expected to remain in centre stage, as the House of Commons will vote on an extension of Article 50. The broad consensus sees the motion to pass by ample margin, which should allow negotiators to buy extra time to eventually clinch a deal (or not). Bullish traders further took cues from a goodish rebound in the US Treasury bond yields, which coupled with a sharp retracement in the British Pound, helped revive the US Dollar demand and remained supportive of the up-move.

Technical analysis

Pound - US Dollar Analysis Technical analysis 14/03/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 14/03/2019

Support & Resistance Level Explanation
Resistance 2 1.3369 Daily R2
Resistance 1 1.3319 Daily R1
Support 1 1.3229 Daily S1
Support 2 1.3181 Daily S2

GBPUSD Indicator Table - 14/03/2019

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

GBPUSD Indicator / Period Table - 14/03/2019

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Buy BuySell
RSI (14) Buy BuyNeutral
SMA 20 Buy BuySell

GBPUSD 14/03/2019 - Reference Price : 1.3276

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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