CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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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

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets.

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Risk warning   Privacy policy
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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