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 21/10/2022

Fundamental analysis

21 October, 2022

The Pound dollar currency pair fell during the Asian session. The pair is trading at 1.1183. The U.K will report Retail Sales Month-on-Month for September later today. Core Retail Sales Month-on-Month for September will also print. The United States reported the Philadelphia Fed Manufacturing Index for October printed -8.7. The consensus was -5.0. Existing Home Sales for September printed 4.71m vs 4.70m expected. Initial Jobless Claims at 214k vs 230k expected. The United States has no scheduled economic events to report later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 21/10/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 21/10/2022

Support & Resistance Level Explanation
Resistance 2 1.1329 Daily R2
Resistance 1 1.1273 Daily R1
Support 1 1.1126 Daily S1
Support 2 1.1070 Daily S2

GBPUSD Indicator Table - 21/10/2022

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

GBPUSD Indicator / Period Table - 21/10/2022

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Neutral SellSell
RSI (14) Neutral SellSell
SMA 20 Sell SellSell

GBPUSD 21/10/2022 - Reference Price : 1.1198

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