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 19/11/2024

Fundamental analysis

19 November, 2024

During Asian trading, the British Pound inched lower against the US Dollar trading above 1.2600 levels.

The GBP/USD pair traded without much conviction on Tuesday morning, as markets awaited tomorrow’s important UK CPI Inflation data. In the UK, Car Registration figures for October (1% last month) will be posted (07:00 GMT). In the United States, Housing Starts (1.340 mln exp) and Building Permits data (1.440 mln exp) for October will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 19/11/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 19/11/2024

Support & Resistance Level Explanation
Resistance 2 1.2742 Daily R2
Resistance 1 1.2712 Daily R1
Support 1 1.2632 Daily S1
Support 2 1.2602 Daily S2

GBPUSD Indicator Table - 19/11/2024

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

GBPUSD Indicator / Period Table - 19/11/2024

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

GBPUSD 19/11/2024 - Reference Price : 1.2672

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