CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 21/05/2021

Fundamental analysis

21 May, 2021

The British Pound dollar currency pair edged upwards on Friday trading at 1.4214, as the Greenback fell against a basket of other currencies. It was a busy morning for the UK with Retail Sales figures producing a much better than expected 9.2% vs 4.5% exp. Later in the morning UK Composite, Manufacturing and Services PMI all showed better than expected figures, boosting Sterling. In the US the main economic event is Existing Home Sales to be revealed later this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 21/05/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 21/05/2021

Support & Resistance Level Explanation
Resistance 2 1.4285 Daily R2
Resistance 1 1.4260 Daily R1
Support 1 1.4194 Daily S1
Support 2 1.4169 Daily S2

GBPUSD Indicator Table - 21/05/2021

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

GBPUSD Indicator / Period Table - 21/05/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

GBPUSD 21/05/2021 - Reference Price : 1.4217

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