Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021

The British Pound USD currency pair was slightly higher moving to 1.4053 during the Asian session. The Pound climbed on Monday and remained above the 1.40 level almost all day. The UK’s economic calendar was empty on Monday. In the United States, the Dallas Fed Manufacturing Business index for February came in at 17.2. The U.S. Leading Index for January was reported to be 0.5%.

Technical analysis

Time Frame: 1 hour

GBPUSD Support & Resistance Table - 23/02/2021

Support & Resistance	Level	Explanation
Resistance 2	1.4131	Daily R2
Resistance 1	1.4102	Daily R1
Support 1	1.4023	Daily S1
Support 2	1.3993	Daily S2

GBPUSD Indicator Table - 23/02/2021

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

GBPUSD Indicator / Period Table - 23/02/2021

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Sell	Buy	Buy
SMA 20	Buy	Buy	Buy

GBPUSD 23/02/2021 - Reference Price : 1.4059

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (1)	Sell (2)

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