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

EU Session Analysis for CFD Instruments 26/02/2021

Fundamental analysis

26 February, 2021

The British Pound USD currency pair fell on Friday morning, moving to 1.3971 during the Asian session. The Pound moved sideways on Thursday. The UK did not post any economic data. In the United States, 4th Quarter GDP was revised down a tenth of a percentage point to 4.1% Quarter-over-Quarter. Initial Jobless Claims for the past week printed at 730,000, much better than the 838,000 that had been expected. Core Durable Goods Orders for January rose 1.4%, Month-over-Month. The consensus forecast was an increase of only 0.7%. Pending Home Sales for January fell 2.8%, Month-over-Month. The consensus forecast was a drop of only 0.2%.

Technical analysis

Pound - US Dollar Analysis Technical analysis 26/02/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 26/02/2021

Support & Resistance Level Explanation
Resistance 2 1.4019 Daily R2
Resistance 1 1.3984 Daily R1
Support 1 1.3888 Daily S1
Support 2 1.3853 Daily S2

GBPUSD Indicator Table - 26/02/2021

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

GBPUSD Indicator / Period Table - 26/02/2021

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

GBPUSD 26/02/2021 - Reference Price : 1.3935

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