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 17/11/2021

Fundamental analysis

17 November, 2021

The British Pound edged higher just before lunchtime on Wednesday. It is presently 1.3433. In the UK October’s CPI Inflation data this morning was much higher than expected, sending the pound higher amid expectations of an interest rate hike next month. US Building Permits data for October this afternoon will cause volatility on the pair.

Technical analysis

Pound - US Dollar Analysis Technical analysis 17/11/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 17/11/2021

Support & Resistance Level Explanation
Resistance 2 1.3512 Daily R2
Resistance 1 1.3486 Daily R1
Support 1 1.3419 Daily S1
Support 2 1.3394 Daily S2

GBPUSD Indicator Table - 17/11/2021

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

GBPUSD Indicator / Period Table - 17/11/2021

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Buy SellNeutral
SMA 20 Buy SellBuy

GBPUSD 17/11/2021 - Reference Price : 1.3454

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