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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 16/10/2020

Fundamental analysis

16 October, 2020

The British Pound rallied on Friday. It is currently 1.29374. It looks like the Brexit talks will go on, despite Prime Minister Johnson’s threats. However, both sides are pretty dug in on their positions. UK Car registrations in September were up 276%, Month-over-Month, but still down 4.4%, Year-over-Year. More important data is coming from the United States this afternoon including Retail Sales, Industrial Production, and the Michigan Consumer Sentiment Survey.

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/10/2020
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/10/2020

Support & Resistance Level Explanation
Resistance 2 1.2978 Daily R2
Resistance 1 1.2936 Daily R1
Support 1 1.2826 Daily S1
Support 2 1.2785 Daily S2

GBPUSD Indicator Table - 16/10/2020

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

GBPUSD Indicator / Period Table - 16/10/2020

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

GBPUSD 16/10/2020 - Reference Price : 1.2905

Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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