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 16/12/2022

Fundamental analysis

16 December, 2022

The Pound fell against the U.S Dollar today. It is currently trading at 1.2153. The U.K Retail Sales Month-on-Month for November printed -0.4%. The consensus was 0.3%. The consensus was 0.2%. Core Retail Sales Month-on-Month for November printed -0.4%. The consensus was 0.3%. The United States is set to report Manufacturing and Services PMI for December later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/12/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/12/2022

Support & Resistance Level Explanation
Resistance 2 1.2294 Daily R2
Resistance 1 1.2247 Daily R1
Support 1 1.2133 Daily S1
Support 2 1.2076 Daily S2

GBPUSD Indicator Table - 16/12/2022

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

GBPUSD Indicator / Period Table - 16/12/2022

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

GBPUSD 16/12/2022 - Reference Price : 1.2189

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