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

EU Session Analysis for CFD Instruments 16/09/2021

Fundamental analysis

16 September, 2021

The British Pound USD currency pair inched downwards trading at 1.3834 during the Asian session. The Pound rose on Wednesday. The UK’s CPI for August rose 3.2%, Year-over-Year, and climbed 0.7%, Month-over-Month. The UK’s Core CPI for August printed at 0.7%, Month-over-Month. Mortgage Applications in the United States were up 0.3%, Week-over-Week. The NY Empire State Manufacturing Index for September beat the analysts’ forecast of 18.00 coming in at 34.30.

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/09/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/09/2021

Support & Resistance Level Explanation
Resistance 2 1.3888 Daily R2
Resistance 1 1.3864 Daily R1
Support 1 1.3800 Daily S1
Support 2 1.3776 Daily S2

GBPUSD Indicator Table - 16/09/2021

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

GBPUSD Indicator / Period Table - 16/09/2021

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

GBPUSD 16/09/2021 - Reference Price : 1.3828

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