CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 13/05/2021

Fundamental analysis

13 May, 2021

The British Pound was slightly lower after experiencing sharp falls yesterday. It is presently 1.4035. There is no data from the UK today. Yesterday the dollar pushed higher after CPI data for April came in higher than expected across the board. CPI for April rose 4.2%, Year-over-Year. The consensus forecast was 3.6%. Core CPI for April was up 0.9%, Month-over-Month. Analysts had estimated 0.3%. The consensus forecasts were 11.6% and 0.7% respectively. The United States will release Initial Jobless Claims and PPI figures at 13:30 today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 13/05/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 13/05/2021

Support & Resistance Level Explanation
Resistance 2 1.4087 Daily R2
Resistance 1 1.4056 Daily R1
Support 1 1.3975 Daily S1
Support 2 1.3944 Daily S2

GBPUSD Indicator Table - 13/05/2021

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

GBPUSD Indicator / Period Table - 13/05/2021

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

GBPUSD 13/05/2021 - Reference Price : 1.4026

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