CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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 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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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. 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.

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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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