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. 70.41% 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 05/07/2021

Fundamental analysis

05 July, 2021

The British Pound rallied on Monday. It is presently 1.38500. In the UK, the Composite PMI for June printed at 62.2 and the Services PMI for June came in at 62.4. The consensus forecasts were 61.7 for both of them. The United States’ economic calendar is empty today since it is a national holiday.

Technical analysis

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

GBPUSD Support & Resistance Table - 05/07/2021

Support & Resistance Level Explanation
Resistance 2 1.3914 Daily R2
Resistance 1 1.3890 Daily R1
Support 1 1.3825 Daily S1
Support 2 1.3801 Daily S2

GBPUSD Indicator Table - 05/07/2021

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

GBPUSD Indicator / Period Table - 05/07/2021

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

GBPUSD 05/07/2021 - Reference Price : 1.3859

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