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 20/05/2022

Fundamental analysis

20 May, 2022

The British pound is trading higher against the dollar today. It is currently trading at 1.2468. The U.K has reported Retail Sales Year-on-Year for April at -4.9% vs -7.2% expected. Retail Sales Month-on-Month for April at 1.4%. The consensus was -0.2%. The United States has no economic events scheduled for release today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/05/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/05/2022

Support & Resistance Level Explanation
Resistance 2 1.2588 Daily R2
Resistance 1 1.2543 Daily R1
Support 1 1.2423 Daily S1
Support 2 1.2378 Daily S2

GBPUSD Indicator Table - 20/05/2022

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

GBPUSD Indicator / Period Table - 20/05/2022

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

GBPUSD 20/05/2022 - Reference Price : 1.2479

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Pound - US Dollar Chart
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