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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 08/11/2019

Fundamental analysis

08 November, 2019

GBP/USD remained on the downside on Friday briefly breaking below the mark of 1.28000. The UK pound remained under pressure by surprising reports yesterday that two out of nine members of the Bank of England Monetary Policy Committee voted in favour of a 25-basis points interest rate cut. The US dollar, on the other hand, remained strong against its peers on Friday, supported by believes that the US and China will soon sign a phase one trade deal, which could include some tariff rollback. In the US, Michigan Consumer Sentiment for November will be released at 15:00 GMT.

Technical analysis

Pound - US Dollar Analysis Technical analysis 08/11/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 08/11/2019

Support & Resistance Level Explanation
Resistance 2 1.2842 Daily R2
Resistance 1 1.2820 Daily R1
Support 1 1.2783 Daily S1
Support 2 1.2760 Daily S2

GBPUSD Indicator Table - 08/11/2019

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

GBPUSD Indicator / Period Table - 08/11/2019

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

GBPUSD 08/11/2019 - Reference Price : 1.2803

Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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08/11/19 - Friday / Analysis
Pound - US Dollar Chart
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