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 17/09/2021

Fundamental analysis

17 September, 2021

The British Pound moved sideways in choppy trading on Friday. It is presently 1.37888. Retail Sales in the UK fell well short of their forecasts in all categories. Retail Sales for August fell 0.9%, Month-over-Month. The consensus forecast was up 0.5%. Core Retail Sales for August dropped 1.2%, Month-over-Month, and fell 0.9%, Year-over-Year. Analysts had expected an increase of 0.8% and 2.5% respectively. The United States will release the Michigan Consumer Sentiment Index for September this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 17/09/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 17/09/2021

Support & Resistance Level Explanation
Resistance 2 1.3841 Daily R2
Resistance 1 1.3819 Daily R1
Support 1 1.3759 Daily S1
Support 2 1.3736 Daily S2

GBPUSD Indicator Table - 17/09/2021

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

GBPUSD Indicator / Period Table - 17/09/2021

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

GBPUSD 17/09/2021 - Reference Price : 1.3788

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