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 17/06/2021

Fundamental analysis

17 June, 2021

The Eurodollar currency pair was broadly unchanged at around 1.1994 levels during the Asian session this morning. The Euro drifted slightly lower on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision and press conference. The EU’s economic calendar was empty on Wednesday. In the United States, Building Permits for May came in at 1.681 million, just shy of the 1.730 million predicted. U.S. Housing Starts for May rose 3.6%, Month-over-Month.

Technical analysis

Pound - US Dollar Analysis Technical analysis 17/06/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 17/06/2021

Support & Resistance Level Explanation
Resistance 2 1.4072 Daily R2
Resistance 1 1.4042 Daily R1
Support 1 1.3963 Daily S1
Support 2 1.3934 Daily S2

GBPUSD Indicator Table - 17/06/2021

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

GBPUSD Indicator / Period Table - 17/06/2021

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

GBPUSD 17/06/2021 - Reference Price : 1.4006

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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Pound - US Dollar Chart
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