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 21/11/2024

Fundamental analysis

21 November, 2024

During European trading, the British Pound fell lower against the US Dollar trading below 1.2700 levels.

The GBP/USD has continued to fall since earlier this day, following a stronger demand for the dollar as a safe haven currency. In the UK, BoE MPC member Mann will speak at (14:00 GMT). In the United States, Initial Jobless Claims (220k expected) and Philadelphia Fed Manufacturing Index for November (6.3 exp) will be posted (13:30 GMT). US Existing Home Sales for October (3.94mln exp) will be released (15:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 21/11/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 21/11/2024

Support & Resistance Level Explanation
Resistance 2 1.2696 Daily R2
Resistance 1 1.2670 Daily R1
Support 1 1.2602 Daily S1
Support 2 1.2576 Daily S2

GBPUSD Indicator Table - 21/11/2024

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

GBPUSD Indicator / Period Table - 21/11/2024

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

GBPUSD 21/11/2024 - Reference Price : 1.2642

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