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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020

The British Pound continued its ascent today after last week’s rout. It is presently 1.29409. The Empire also rises. The UK released many categories of inclination numbers today. CPI for August rose 0.2%, Year-over-Year, the consensus forecast was for an increase of 0.1%. PPI Input for August fell 0.4%, the analysts were looking for a gain of 0.3%. Pound watchers will also be watching the news out of the United States after the European close from the Federal Reserve Open Market Committee.

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/09/2020
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/09/2020

Support & Resistance Level Explanation
Resistance 2 1.3060 Daily R2
Resistance 1 1.3015 Daily R1
Support 1 1.2896 Daily S1
Support 2 1.2852 Daily S2

GBPUSD Indicator Table - 16/09/2020

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

GBPUSD Indicator / Period Table - 16/09/2020

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

GBPUSD 16/09/2020 - Reference Price : 1.2971

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