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 20/05/2021

Fundamental analysis

20 May, 2021

The British Pound USD currency pair was broadly unchanged at 1.4115 during the Asian session. The Pound traded lower yesterday as the dollar firmed against a basket of other currencies. The UK’s CPI inflation figures were slightly better than expected providing the pound an early boost that faded quickly. Later in the session Federal Reserve meeting minutes showed participants agreed the U.S. economy remained far from the central bank’s goals, with some eyeing a future discussion of tapering its bond buying program.

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/05/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/05/2021

Support & Resistance Level Explanation
Resistance 2 1.4169 Daily R2
Resistance 1 1.4146 Daily R1
Support 1 1.4082 Daily S1
Support 2 1.4059 Daily S2

GBPUSD Indicator Table - 20/05/2021

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

GBPUSD Indicator / Period Table - 20/05/2021

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

GBPUSD 20/05/2021 - Reference Price : 1.4110

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