CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 07/05/2021

Fundamental analysis

07 May, 2021

The British Pound crawled higher on Friday. It is presently 1.39186. The UK’s economic calendar is empty today. The UK is waiting for final results of Thursday's local elections. Early returns look like the Prime Minister’s conservative Tory party has done better than expected. The United States will release the unemployment rate and employment change for April this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/05/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/05/2021

Support & Resistance Level Explanation
Resistance 2 1.3987 Daily R2
Resistance 1 1.3958 Daily R1
Support 1 1.3880 Daily S1
Support 2 1.3850 Daily S2

GBPUSD Indicator Table - 07/05/2021

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

GBPUSD Indicator / Period Table - 07/05/2021

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

GBPUSD 07/05/2021 - Reference Price : 1.3903

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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