CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 21/02/2023

Fundamental analysis

21 February, 2023

The Pound is higher against the U.S Dollar today and trading around 1.2086. The U.K reported its Composite PMI at 53.0 vs 49.0 expected. Services PMI was reported at 53.3. The consensus was 49.2. Manufacturing PMI came in at 49.2 vs 47.5 expected. The United States is set to report Manufacturing and Services PMI for February later today. Existing Home Sales for January will print later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 21/02/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 21/02/2023

Support & Resistance Level Explanation
Resistance 2 1.2203 Daily R2
Resistance 1 1.2165 Daily R1
Support 1 1.2065 Daily S1
Support 2 1.2027 Daily S2

GBPUSD Indicator Table - 21/02/2023

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

GBPUSD Indicator / Period Table - 21/02/2023

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

GBPUSD 21/02/2023 - Reference Price : 1.2102

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