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 27/12/2022

Fundamental analysis

27 December, 2022

The Pound dollar currency pair inched lower declined during the Asian session. The pair is trading at 1.2040038. The U.K has no economic events set to report. The United States reported New Home Sales for November at 640k. The consensus was 600k. Core Durable Goods Orders Month-on-Month for November printed -2.1% vs -0.6% expected. Michigan Consumer Sentiment for December printed 59.7 vs 59.1 expected. The Core PCE Price Index Month-on-Month for November printed 0.2% as expected.

Technical analysis

Pound - US Dollar Analysis Technical analysis 27/12/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 27/12/2022

Support & Resistance Level Explanation
Resistance 2 1.2188 Daily R2
Resistance 1 1.2151 Daily R1
Support 1 1.2051 Daily S1
Support 2 1.2014 Daily S2

GBPUSD Indicator Table - 27/12/2022

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

GBPUSD Indicator / Period Table - 27/12/2022

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

GBPUSD 27/12/2022 - Reference Price : 1.2108

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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