Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 26/05/2023

Fundamental analysis

26 May, 2023

During Asian trading, the British pound strengthened against the US dollar. Today at 08:00 a.m, in the United Kingdom, data on retail sales will be published, while at 2:30 p.m, in the USA, the personal consumption index (PCE) will be published, as well as data on durable goods orders, which may be reflected in the exchange rate of this currency pair. During trading so far, the British pound is being exchanged for 1.2338 US dollars.

Technical analysis

Time Frame: 1 hour

GBPUSD Support & Resistance Table - 26/05/2023

Support & Resistance	Level	Explanation
Resistance 2	1.2399	Daily R2
Resistance 1	1.2373	Daily R1
Support 1	1.2303	Daily S1
Support 2	1.2277	Daily S2

GBPUSD Indicator Table - 26/05/2023

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

GBPUSD Indicator / Period Table - 26/05/2023

Indicator / Period	Day - Sell	Week - Buy	Month - Sell
MACD( 12;26;9)	Sell	Buy	Sell
RSI (14)	Buy	Neutral	Neutral
SMA 20	Sell	Buy	Sell

GBPUSD 26/05/2023 - Reference Price : 1.2336

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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