CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
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 can afford to take the high risk of losing your money.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 15/01/2021

Fundamental analysis

15 January, 2021

The British Pound moved downwards on Friday. It is presently 1.3654 retreating from recent gains, made following the Bank of England signalling they have reservations with cutting interest rates to negative. This morning the UK GDP figures showed the UK economy fell by 2.6%, while Manufacturing data was at 2.6%, slightly worse than expected. The United States will report Core Retail Sales and Retail Sales figures later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 15/01/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 15/01/2021

Support & Resistance Level Explanation
Resistance 2 1.3714 Daily R2
Resistance 1 1.3682 Daily R1
Support 1 1.3597 Daily S1
Support 2 1.3565 Daily S2

GBPUSD Indicator Table - 15/01/2021

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 - 15/01/2021

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

GBPUSD 15/01/2021 - Reference Price : 1.3636

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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