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 20/08/2021

Fundamental analysis

20 August, 2021

The British Pound inched lower on Friday. It is presently 1.36130. The UK’s Retail Sales for July missed their forecasts in all categories. Top Line Retail Sales fell 2,5%, Month-over-Month. The consensus forecast was up 0.4%. Core Retail Sales for July dropped 2.4%, Month-over-Month. Analysts had expected a rise of 0.3%. The United States is not scheduled to post any significant economic data today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/08/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/08/2021

Support & Resistance Level Explanation
Resistance 2 1.3678 Daily R2
Resistance 1 1.3652 Daily R1
Support 1 1.3584 Daily S1
Support 2 1.3558 Daily S2

GBPUSD Indicator Table - 20/08/2021

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

GBPUSD Indicator / Period Table - 20/08/2021

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

GBPUSD 20/08/2021 - Reference Price : 1.3613

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