CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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

US Session Analysis for CFD Instruments 16/02/2024

Fundamental analysis

16 February, 2024

During European trading, the British Pound fell slightly against the US Dollar and is trading at 1.2557. In the UK higher than expected retail sales data was published this morning. In the United States, Producer Price Index data will be published this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/02/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/02/2024

Support & Resistance Level Explanation
Resistance 2 1.2643 Daily R2
Resistance 1 1.2622 Daily R1
Support 1 1.2566 Daily S1
Support 2 1.2545 Daily S2

GBPUSD Indicator Table - 16/02/2024

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 - 16/02/2024

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

GBPUSD 16/02/2024 - Reference Price : 1.2595

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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