CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 18/08/2021

Fundamental analysis

18 August, 2021

The British Pound USD currency pair increased trading at 1.3743 during the Asian session. The Pound dropped like a tone on Tuesday. The UK’s Unemployment Rate for June fell to 4.7%. Retail Sales for July in the United States fell well short of their forecasts. July’s Retail Sales fell 1.1%, Month-over-Month, much worse than the -0.3% predicted. Industrial Production in the United States came in high, increasing 0.9%, Month-over-Month in July, higher than the analysts’ estimate of 0.5%.

Technical analysis

Pound - US Dollar Analysis Technical analysis 18/08/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 18/08/2021

Support & Resistance Level Explanation
Resistance 2 1.3803 Daily R2
Resistance 1 1.3778 Daily R1
Support 1 1.3711 Daily S1
Support 2 1.3685 Daily S2

GBPUSD Indicator Table - 18/08/2021

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

GBPUSD Indicator / Period Table - 18/08/2021

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

GBPUSD 18/08/2021 - Reference Price : 1.3740

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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