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 18/11/2022

Fundamental analysis

18 November, 2022

The Pound was relatively flat against the U.S Dollar today. It is currently trading at 1.1912. The U.K reported Retail Sales Month-on-Month for October at 0.6% vs 0.3% expected. Core Retail Sales Year-on-Year for October were reported at -6.7%. The consensus was -6.9%. The United States printed The Philadelphia Fed Manufacturing Index for November printed -19.4. The consensus was -6.2. Initial Jobless Claims were reported at 222k vs 225k expected. Existing Home Sales for October are set to report later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 18/11/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 18/11/2022

Support & Resistance Level Explanation
Resistance 2 1.2061 Daily R2
Resistance 1 1.1991 Daily R1
Support 1 1.1861 Daily S1
Support 2 1.1793 Daily S2

GBPUSD Indicator Table - 18/11/2022

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

GBPUSD Indicator / Period Table - 18/11/2022

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

GBPUSD 18/11/2022 - Reference Price : 1.1936

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