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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 20/11/2020

Fundamental analysis

20 November, 2020

The British Pound rose again on Friday. It is trading around 1.32777 at midday in Europe. The rumors of a post -Brexit UK-EU trade deal next week is keeping the Sterling bid for now. There is still no official news. There was a bunch of economic data out of the United Kingdom on Friday. Most of it was reported to be better than expected. Core Retail Sales for October rose 7.8%, Year-over-Year, and 1.3%, Month-over-Month. The consensus forecast was 5.9% and 0.1% respectively. Public Sector Net Borrowing for October fell to 21.50 billion pounds, less than the 29.50 billion pounds expected. The United States’ economic calendar is empty today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/11/2020
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/11/2020

Support & Resistance Level Explanation
Resistance 2 1.3335 Daily R2
Resistance 1 1.3311 Daily R1
Support 1 1.3247 Daily S1
Support 2 1.3223 Daily S2

GBPUSD Indicator Table - 20/11/2020

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

GBPUSD Indicator / Period Table - 20/11/2020

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

GBPUSD 20/11/2020 - Reference Price : 1.3270

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