Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 15/05/2019

Fundamental analysis

15 May, 2019

GBP/USD was little changed on Wednesday, managing to stay a touch above 1.29. The UK pound is still seen under pressure due to ongoing Brexit uncertainties. In the UK, British lawmakers will vote on Prime Minister Theresa May’s Brexit deal in the first week of June, the same week U.S. President Donald Trump is due to visit Britain, Brexit minister Stephen Barclay said on Wednesday. May’s deal has been rejected three times by parliament and the government said on Tuesday it now planned to bring forward the legislation required to ratify an exit deal early next month. In the US, Retail Sales data for April will be released today at 13:30 GMT+1.

Technical analysis

Pound - US Dollar Analysis Technical analysis 15/05/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 15/05/2019

Support & Resistance Level Explanation
Resistance 2 1.2958 Daily R2
Resistance 1 1.2923 Daily R1
Support 1 1.2865 Daily S1
Support 2 1.2835 Daily S2

GBPUSD Indicator Table - 15/05/2019

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

GBPUSD Indicator / Period Table - 15/05/2019

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

GBPUSD 15/05/2019 - Reference Price : 1.2887

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