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

US Session Analysis for CFD Instruments 07/04/2021

Fundamental analysis

07 April, 2021

The British Pound is roughly unchanged at midday in Europe after dipping earlier on Wednesday. It is presently 1.38202. The UK’s Composite and Services PMI’s for March were 56.4 and 56.3. The consensus forecasts were 56.6 and 56.8 respectively. The United States will post Export and Import numbers for February later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/04/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/04/2021

Support & Resistance Level Explanation
Resistance 2 1.3885 Daily R2
Resistance 1 1.3858 Daily R1
Support 1 1.3787 Daily S1
Support 2 1.3760 Daily S2

GBPUSD Indicator Table - 07/04/2021

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

GBPUSD Indicator / Period Table - 07/04/2021

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

GBPUSD 07/04/2021 - Reference Price : 1.3803

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